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].
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:
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].
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