Sunday, January 31, 2010

Nasdaq ~ Elliott Wave Count Week 4 2010

The Nasdaq dropped further (more than 2,5%) this week as expected in last weekend's Nasdaq post. The only thing I've changed is the wave degree. I calculated where this Primary wave would end when we were only in Minute [i]. The result was below 0... : ) So, I've changed it to Minor 1 ; )

No reason to change the count. There should be a new low early next week before wave 2 should start and retrace at least 38% of Minor wave 1.

If you haven't read my SPX weekly update yet click here.