Wednesday, 24 November 2010

Elliott Wave - S&P500 Cash Index - 23 Nov 10

If waves 'A' and 'B' are complete from the April 2010 high then we are now in either wave 'C' of an Expanded Flat or wave 'C' of a Triangle. This implies the minimum downside target is about 1120. First we will watch to see what happens at the TD Trend Factor target of 1158.85.

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