Parabolic SAR Sell Phrase Triggered
[10:30am] Parabolic SAR sell phrase triggered.
Another View of the Elliot Wave count from the professional ( EWI ). Chart extracted from Aug issue of EWI newsletter :
Based on the above, EWI thinks we are in primary wave B. We have just completed B(a) and are heading for B(b) at 2,250 ( that's what the arrow points to, not sure if it is to scale or anyhow draw ). When B(b) is achieved, we will rally up to B(c). After that, another 5 wave down to complete primary C wave.
Labels: Market Direction
posted by Market Wizards @ August 06, 2009
Comments: 0
