Fundamentals tell you where the market should go. Elliott Wave Principle gives you the road map to get there.
my 2 cents.... i have the rebound to 1320 today as a wave 4 of the initial expected impulse down. I don't have the 3 wave as extended ... 1=3
if my short-term count turns out right and 1=3 ... then the 5th could be the extended wave which would probe into the 1310-1300 support range...a good spot for the first impulse down.http://jeffreygtc.blogspot.com/2012/01/friday-january-27th.html