Friday, January 15, 2010

Nasdaq ~ Elliott Wave Update 15 January 2010

So far that looks pretty nice. The Nasdaq made 5 waves down into midday, then tried to rally and closed -1,24 % for the day. On Tuesday we should see some more upside possibly reaching the 50 or even the 62 % retracement level of today's move down. Then, the third wave down should start.

Charts will follow tomorrow ; )