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, January 12, 2009
Stocks Continue to Weaken Suggesting a break of 740 is Near; Jan. 12, 2009
Stocks continue to weaken since the high of 943 in the S&P, with little reprieve. Currently the S&P is at 879. A break of 850 will all but confirm the charget to below 740 is underway, and that 943 will not be exceeded before that happens.
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