Mkt gonna bounce dr here in wave e of the tri. Gonna buy a lil trade here
— Grand (@grand680) September 4, 2015
The bulls may get their 2040 double bottom target if the bears lose their triangle.
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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, September 8, 2015
9/8/15 - EOD Update
Buying that wave e last Fri worked out well.
The bulls may get their 2040 double bottom target if the bears lose their triangle.
The alternate count that favors the bulls is below in purple. 2030 has c=a. Backtesting the lower end of the range at 2040 would be reasonable and wouldn't violate the bears five wave count down.
The bulls may get their 2040 double bottom target if the bears lose their triangle.