Following the purple option has worked out just fine so far. We'll see if wave {a} of (y) wrapped up into the close or it may target the triangle thrust target before we see a wave {b} bounce.
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| 15 Min |
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| Daily |
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, October 8, 2013
10/8/13 - EOD Update
Looks like the bears put in some work today. They managed to break through the green TL (daily chart) and down the rising wedge. Triple -ve divergence may have the bears aiming for the blue TL (daily chart).
Following the purple option has worked out just fine so far. We'll see if wave {a} of (y) wrapped up into the close or it may target the triangle thrust target before we see a wave {b} bounce.
Following the purple option has worked out just fine so far. We'll see if wave {a} of (y) wrapped up into the close or it may target the triangle thrust target before we see a wave {b} bounce.