Wednesday, November 4, 2009

Looks like a nice wave 2 has happened, with a 50% retrace...



Now we wait over the next couple of days to see if wave 3 is really under way. (Technically, wave 3 of the bigger wave 3) Those of you who follow Elliott Wave will know what I mean, if not, go over to Daneric's site, he's a deep Elliott guy...

2 comments:

Hopper said...

Thanks Mark,
it looks like the pieces are coming together, if you look for them...

Cheers,

mlytle said...

Hi Hopper,
Yes,I also have now seen the weekly MACD go negative, finally, for the $NDX and Q's, though the $SPX is not quite there yet...but yes, it's starting to jell...

Regards,
Mark L.