Here my count shows, that one more little bounce up is expected. There is another alternative, that the end of that ED is already in place, and the expected decline is already on the way.
Jan 21, 2010
DJIA - Elliott Wave update- last call for the bulls
It was necessary to adjust my count a little these days ( short and long term). Downside decline still remains according to my count. The ending diagonal pattern has extended a little more, than I expected. The current uptrend from the mid-Dec 2009 low is losing momentum. However all attempts on the downside so far find solid support near the 10 232 chart level. Eventually though, breaking this level, will give way to a strong selling pressure to correct the entire rally from the July 2009 low.
Here my count shows, that one more little bounce up is expected. There is another alternative, that the end of that ED is already in place, and the expected decline is already on the way.
Here my count shows, that one more little bounce up is expected. There is another alternative, that the end of that ED is already in place, and the expected decline is already on the way.
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