Here is an interesting chart from Binve.More and more Elliott wavers seem to be throwing in the towel but most purists are arguing that the rally from March 2009 is corrective,not impulsive.I am not a purist,I look at elliott when a count is obvious (or corrobarates another TA viewpoint) but once the experts start disagreeing its a warning to me to wait until the count becomes clearer.I lean to the viewpoint that the rally is corrective because the Gann swing charts are messy (and because of fundamentals).An impulsive trend should have expanding ranges.

http://marketthoughtsandanalysis.blogspot.com/