Wednesday, May 7, 2008

Nice reversal day... Here's my $NDX Elliot count for the $NDX..




This is a textbook pattern...Expect another 5 waves down, using about the same time durations and price declines as the last move from October to March...

3 comments:

john said...

Mark,

thanx, I am currently short spx. Do you think the same thing applies?

old john

Sherm said...

Mark, good stuff. I hope your right. Looking forward to riding this down over the next several months.

mlytle said...

Hi John and Sherm,

Yes, John, I think the Bear is back for all indexes...Guys, I am intending to ride this one down also...

Regards,
Mark L.