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| Discuss Elliott pattern on sp500? at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; hello, I'm quite confused about the pattern in sp500 right now: 31.11.2006 thursday high was ... |
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#1
9th December 2006, 04:48 PM
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Elliott pattern on sp500?
hello,
I'm quite confused about the pattern in sp500 right now: 31.11.2006 thursday high was 1406.xx and fridays low was 1404 so theres some overlapping going on... this means that there cant be an impulse from the low of 1378. what's going on? is it a running flat or a triangle? At least I was waiting for sideways correction but this bull from 1378->1418 was something what I didnt expect since 1418 is so much higher that old TOP. What's your opinion about this? 
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#2
9th December 2006, 05:20 PM
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Re: Elliott pattern on sp500?
Havent done the counts on the Spoos yet..will get back to ya later ( if I have any take on the matter)
Cheers CV 
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#3
9th December 2006, 08:03 PM
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Re: Elliott pattern on sp500?
well... this is the best count what I can figure out.
It's doesnt look good and is propaply wrong but when other alternatives are even worse... I got to choose this one 
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#4
10th December 2006, 01:13 AM
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Re: Elliott pattern on sp500?
Quote:
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#5
15th December 2006, 12:41 AM
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Re: Elliott pattern on sp500?
http://www.elliottwave.com/tutorial/images/fig1-15.gif ?!?!
it can't be... or can it? we should see some serious move soon..
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