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| 5 min |
The other option is that a more bearish nestd 1-2 i-ii down is in the works and the floor drops at the open tomorrow. Note the sub alt for the bearish nested 1-2 as well.
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| 60 Min |
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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Thursday, February 21, 2013
2/21/13 - EOD Update
The bears followed thru with their plan to create a larger degree five wave move down.
Two options here. Primarily looking for a wave (c) of [ii] bounce into tomorrow early before resuming lower. 1510 may be a good target since that lines up with the 20 day SMA, 38% Fib retrace and (c) = (a) of [ii].
The other option is that a more bearish nestd 1-2 i-ii down is in the works and the floor drops at the open tomorrow. Note the sub alt for the bearish nested 1-2 as well.
The other option is that a more bearish nestd 1-2 i-ii down is in the works and the floor drops at the open tomorrow. Note the sub alt for the bearish nested 1-2 as well.