Well the Dow is only 0.93% of invalidating the 1-2 bearish count, Elliot theory puts form before ratios and the form still looks like a zigzag or double zigzag retracement, we’ll know soon, but it appears that we need a bear miracle to confirm the count.
Check for this 10 day momentum levels in the following days, a 2.41% drop is needed today to reverse momentum, a 2.2% from today’s level will take tomorrow 10 day’s momentum below 0.
- ► 2013 (13)
- Dow Wilder Signals
- Alternate 30 minutes count for the Dow
- Dow January 26
- Wave 2 rule and the end of it
- Dow Jones Wednesday 1/18/2012 3:23 PM
- Nyse Advance Decline Figures
- Dow Update Jan 13
- Similarities between May 2008 – January 2012
- A few traditional technical signals and some untra...
- Old post (12-11-11)
- 2008 again?
- ▼ January (11)
- ► 2011 (29)
- ► 2010 (24)
- Erick Stern
- I am a civil engineer who likes charts, to me, speculating in the markets is both a hobby and a second profession and in my view the stock market is the most honest environment, since it is only your knowledge and preparation that matters. I live, and work in the construction industry, in the Dominican Republic. I read and answer all my mail so please feel free to write firstname.lastname@example.org Thanks, Erick