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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj


Wednesday, 22 December 2010

Another Elliott count

I am not a great Elliott exponent and following all the different counts the last 12 months or so has been a frustrating exercise.Nevertheless here is an interesting chart from Mike Breaux                                  

(http://mbewtrader.blogspot.com/2010/12/spx-elliott-wave-counts-two-charts.html) that considers the whole rally from 666 as a corrective wave 4 that reached its max upside target yesterday.





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