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Monday, April 26, 2010

Elliott Wave Update ~ 26 Apr [Update 4:32PM]

[Update 4:42PM: Here is an update of the possible Ending Diagonal triangle pattern. Its wedging on two different degrees.]

[Update 4:32PM: Ending at a high for this chart going back 20 years]

Could be a nice ending diagonal triangle occurring. It's one of the top counts (for now). We need more weakness so that [iv] retraces into [i]'s price range.













So far the move off the high looks mostly corrective but a new low early tomorrow under today's move would help things.
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