On Elliott Wave, looks like the pattern from yesterdays highs is a "flat" type correction (3-3-5) that ended at today's lows. I've labeled that as a wave 4 for now and am more comfortable with this count than the one posted last night.
Thursday, July 15, 2010
Thursday 7/15/10 wrap up
Flirted with a sell signal on the trendline/oscillator system today, but in the end the market rallied away from its lows without a sell being generated. So still holding long.
On Elliott Wave, looks like the pattern from yesterdays highs is a "flat" type correction (3-3-5) that ended at today's lows. I've labeled that as a wave 4 for now and am more comfortable with this count than the one posted last night.
On Elliott Wave, looks like the pattern from yesterdays highs is a "flat" type correction (3-3-5) that ended at today's lows. I've labeled that as a wave 4 for now and am more comfortable with this count than the one posted last night.
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