Tuesday, January 19, 2010

Elliott Wave Update 19 January 2010

When I call a possible top next time please remind me not to do that again lol : )

With the new high today I changed to my alternative count... I know I gave it a very low probability but today I've learned that they don't need a Monday for a big rally.

I don't see a bullish count for the Dow (beside a uber bullish one (the ED could be a leading diagonal...)) so just take the alternative count for the Nasdaq and SPX.

Targets are still 2340 and 1160. A drop below 1130 should confirm that the fifth wave is finished.