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.
Monday, December 15, 2008
A-B-C down SO FAR; Dec. 15, 2008
Above is a 5min chart of the Nasdaq 100 showing what appears to be an ABC down so far. A break below the lows of today will make it a 5 wave drop and warn of further losses after a brief rally.