EWA - Elliott Wave Applied

Fundamentals tell you where the market should go. Elliott Wave Principle gives you the road map to get there.

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Tuesday, October 4, 2011

SPX Daily - Tuesday, Oct 4

@ 4 PM

SKWEEEEZE......
Run stops, Rinse, Repeat!!
At least today's gap down is filled...

@ 12 Noon

Today's low confirms Minute 4 ended on Sep 20.

Posted by Vega at 9:01 AM

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Disclaimer

The information presented on this blog is for training, entertainment and educational purposes only.

I am NOT an investment adviser. I do not recommend buying or selling securities based on this information.

This is my interpretation and application of the Elliott Wave Principle.

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"A feature of unusual merit is the fact that the experienced student knows at all times the current position of the market in each cycle and therefore is forewarned of the approach of reversals. By means of this rhythmic analysis, the end of a movement is known as it approaches, and the type of the next movement is also known. It is therefore possible to predict with confidence when a bull market is terminating and a bear market is beginning, or vice versa."

- R. N. Elliott, Oct 1, 1940

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Tuesday, October 4, 2011

SPX Daily - Tuesday, Oct 4

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