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Friday, January 8, 2010

Elliott Wave Update ~ 8 January (Update 6pm)

Update 6:05pm:  A revised count for the NASDAQ. That would make more sense as the RSI peak occurs on subwave (3) of [iii] instead of at [iii] itself.   It certainly has room to go higher but it did make a new high today. So it could be completed or nearly so.

Update 4:30pm: And here is the Wilshire. A very nice ED

Well it all counts well as an ED.  So we'll call it that until we see follow through on Monday either way.

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