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The elliott wave practitioner, 10 March 2009, DOW, SPX,

In this video I look at the recent price action of the US Cash Indices: DOW, SPX, NASDAQ COMPOSITE, RUSSELL2000. The sharp rally today has not changed the entire outlook of the main trend but did clear up some alternatives we considered so that now we have only one preferred wave count. The market is most likely working on a 4th wave triangle in most markets. This assumption does not accommodate another similar run like we had today, on the next trading session . So any big rally now will call for a revision of the wave count .

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Added: Mar-11-2009 Occurred On: Mar-10-2009
By: RoyTrader
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Tags: DOW, SPX, RUSSELL 2000, NASDAQ COMPOSITE
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