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Friday, December 3, 2010

Elliott Wave Update ~ 3 December [Update 9PM}

[Update 9PM:Updated NYAD and the NYMO. Oil also new high has fulfilled a minimum (A)(B)(C) pattern. ]
Primary count is Minute [i] of Minor 5 of Intermediate (C) of Primary [2] of Cycle wave c of Supercycle wave (a) of Grand Supercycle wave [IV] (hows that for a count update?) has likely topped (or will first thing Monday). Looking for a Minute [ii] of Minor 5 pullback. A deep pullback of around 60% would be around 1200SPX which should be major support.
Wilshire form
Wilshire 60, which gives the best overall wave patterns for this entire (C) structure
I'll have more charts as the night goes on and data comes in.
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