Tuesday, January 26, 2010

Elliott Wave Count 26 January 2010

The first wave possibly finished in the morning at 1090. The only concern I have is that the sell off into the close almost made a new low. But so far, the rally today can be counted as wave a of 2 and the drop as wave b of 2. Thus, wave c up to 1105+ should follow tomorrow.

For charts look at my SPX chart I posted on Saturday: http://www.wavaholic.com/2010/01/s-500-elliott-wave-update-week-3-2010.html

It has been quite accurate so far ; )