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 23, 2008
July 22, 2008 8:42 PST; Alternate Gaining Stature
Here’s a close up (15min S&P chart) of the alternate count. It shows a clear 5 wave rally complete, or almost complete. The project decline coming soon will be a wave b and will provide an opportunity to exit short positions before a large and strong wave c rally occurs.
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