Stock Market Analysis With The Elliott Wave Principle
-Dow Jones, S&P 500, Russell 2000, Nasdaq and FX.
All charts and commentary on this site are strictly the opinions of the author(s) and are for recreational purposes only. In no way should this be construed as trading advice or a recommendation for investing. See disclaimer at the bottom of the page.
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Tuesday, August 7, 2012
8/7/12 - EOD Update
COMPLEX CORRECTIVE
I still think this is it, however, pay attention to the bullish LD below that must be considered again.
BULLISH LD
Several weeks ago I presented the LD as the bullish option and had ignored it as the market chopped higher and especially when the expected wave 2 made a shallow retrace.
However, this is an option that is still very legit for the bulls and must be watched again.