Monday, June 22, 2009

Elliott Wave update


The key question is now whether we see an ...
  • A-B=C-D or ABC elliott pattern with a tendency to symmetry which can be interpreted as an Correction (=bullish) or ...
  • an extended WAVE 3 (asymmetric structure) that could indicate an intermediate trendchange (=bearish)
Tonight we will also have a close look at our 20day Low run as well as our Vix_OSC and the Volume picture to gage whether today qualifies as a confirmation day to the bearish case.

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