Custom Search

Thursday, December 15, 2011

Elliott Wave Update ~ 15 December 2011

The "pullback" from the recent high, if it is that and not yet Minor 3 down, is still well within the realm of a (b) wave possibility of [y] of Minor 2.  There may be a lower low coming and a hit on the potential up-rising trendline:
Last night I showed how the DJIA could have already finished a Minor 2 pattern

Tonight we can show a variation on the double zigzag count for good measure. Again, there could be a lower low coming.  The DJIA has not ye pulled back 50% and there is solid overlap in all wave patterns so far so it  could be a (b) wave of [y].
SPX 5 minute:
blog comments powered by Disqus