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Tuesday, November 16, 2010

Tuesday 11/16/10 update

5:00 PM CST
POSSIBLE ELLIOTT COUNTS

ES

Alternate #1

Alternate #2

EUR/US$

GOLD


2:10 PM CST
A little food for thought - Intermediate Alternate #2 on the ES from my weekend post:




9:20 AM CST
ES has been awfully difficult to read as of late.  Yesterday's Trend/Osc buy signal was canceled with the overnight lows, I had a hunch that would happen which is why I was ambivalent about acting on that signal yesterday.

The Elliott count looks like a zig-zag down from last week's highs with the C wave being an ending diagonal and quite possibly done as of the lows this morning.
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