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, February 2, 2009
Top is in; Feb. 2, 20009
A top is in the stock market and 876 S&P futures should be tested at all before 2008's low is broken. The wave count suggests a 3rd wave could be unfolding now. So I'm aggressively short and will add to my short on rallies until 741 S&P cash is broken.