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Friday, January 29, 2010

Elliott Wave Update ~ 29 January [Update 4:15 Pm EST]

[Update 4:15 PM: The RUT is still evolving.]

The overlapping up waves of the last day and this morning could prove to be a complex c wave in a contracting triangle. T-Bone seen this count and others as well.  I like the count because, again, the complex nature of the c wave is a "marker" that it may be a triangle wave.

This implies the move is either over, or will be after a a bit more down on Monday.  There is a possibility to get a protracted wave (v) but we'll go with the pattern for now.
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