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Friday, October 3, 2014

Elliott Wave Update ~ 3 October 2014

There is a definite megaphone pattern that has developed. If the upper trendline holds, then prices should decline early next week beneath the 1926 low.
Backtesting the broken channel?
Indu held on.
If new all time highs were to come, the ALT: count is shown on the weekly:
Popped over resistance
Gold oh so close to confirming the long term count.
Possible Squiggle:
And the nitty-gritty. Counts better as a zigzag than an impulse at this time.

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