Monday, March 22, 2010

Elliott Wave Count Week 11 2010

SPX: As I mentioned last weekend I expected a high last week since one of my cycles was topping.

At the moment it looks like the market topped indeed last week. I have the next cycle low early April so I expect a sell off/correction for the next two weeks.

For the wave count there are too many possibilities to list them all... The expected correction should help us to identify the right count.

USD: The dollar seems to have finished wave 4 and should be in wave 5 now.