Saturday, 24 July 2010

My attempt at an Elliott wave count on SPX

I have stepped out of my comfort zone and attempted an EW count.I am sure it probably breaks some rules ,and have asked some the talented wave counters on the chatroom I use to point them out ! 
(chatroom or CIL on http://ewtrendsandcharts.blogspot.com/   ...well worth a visit !)

targetting 656 if C=0.618X A 

I am happier with the "multiple large zig zags for several years" scenario (like the japanese experience) rather than superbear (or superbull scenarios) ie trading range 650 -1250 ? 



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