Thursday, March 18, 2010

Elliott Wave Count 18 March 2010

I recieved two short term counts today before the open. Since today nothing really happened they are still valid and I'd like to post them:

Note: He has a different count than I have. I'm expecting an impulse from the 1045 low while he counts an a-b-c. But hey, there is never only one possible count and I really like the squiggles in these two counts.

The cycle low/high (I posted it on Sunday) is due this week. After the big rally we had in the past weeks it is likely to be a high. The next cycle low/high is in early April, so, I expect a correction/sell off into end of March/early April followed by another rally into May.