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, April 29, 2009
S&P and Gold No Change in Forecast; April 28, 2008
Gold fell as expected to keep the wave count alive and the S&P did nothing. I am still bearish with a very small position with a stop at 876 cash S&P.