Tuesday, July 27, 2010

Elliott Wave Live: Market Wrap for July 27, 2010

Hey Wavers,

I'm running really late with this but my wife had a death in the family. Tonights post will be brief. I believe we are in the 4th wave of C of wave 2. The pattern appears to be building a triangle but we need more price data to be sure. Other downside potential exists below 1106. Once wave 4 is complete, upside potential is 1127-1139 area. I will add more Fibonacci price targets when they become available.

Best of Trading!

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