Friday, July 2, 2010

Elliott Wave Market Wrap:July 2, 2010

There is very little to review tonight based upon today's uninspiring session. I have made one minor change to my early morning wave count to account for the possibility of an alternate wave count. In accounting for this change, I also changed the subdivisions that seem to be a better fit heading into Tuesday's session based upon today's price action.  Neither change negates that the fact of the larger trend is down which has been consistent throughout.

I will be producing a special weekly wrap review sometime during the weekend comparing the 1929 crash vs current market conditions along with a more detailed analysis so that everyone can be ready for Tuesdays market open. You  don't want to miss this. In the mean time have a safe holiday.

Best of Trading!

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