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...
at

3 comments:

  1. johnMay 7, 2008 at 2:33 PM

    Mark,

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

    old john

    ReplyDelete
  2. ShermMay 7, 2008 at 4:10 PM

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

    ReplyDelete
  3. mlytleMay 7, 2008 at 5:30 PM

    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.

    ReplyDelete

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