Monday, December 21, 2009

Elliott Wave Update 21 December 2009 ~ green X-mas

SPX: It seems as I'm not the only one who likes fractals: The market gapped up and rallied as if it was told by the fractal : )

The very short term count is not that clear. It's very possible that micro wave [1] topped today and we are in wave [2] to about 1105 till tomorrow/Wednesday. But it's also possible that the market will make a new high tomorrow morning and then start to drop.

However, it looks like we'll get green X-mas (well not outside ; )) and that the top won't come until early January 2010.