This Elliott Wave blog is dedicated to sharing Fibonacci ratios and other technical analysis for forex signals, index futures signals, options signals, and stock signals. Elliott Wave Principle puts forth that people move in predictive patterns, called waves. Identify the wave counts, and you can predict the market.
Wednesday, July 30, 2008
July 30, 2008; Market Poised to Fall.......NOW!
The market is poised to fall right now (Dow currently at 11,510). The structure and magnitude of the decline will tell us if this is the huge selloff in wave 3 wave (3) to much lower levels (about 2000+ point Dow decline).