Elliott Wave Live: ES_F: Alternate Count

Friday, February 25, 2011

ES_F: Alternate Count

I didn't expect a move of this magnitude from the low so I came up with this alternative. Could this wave count better explain the price action that we are seeing today? Should this be correct, the target is the .618 retracement and the 1.618 RF of w.b circle (132325 - 1325.5)

View my operative wave count . Notice that today's move up would be very large in magnitude to comfortably interpret the move from 129250 as a larger w.a.

I'll be working on the next issue of "Heard On The Street" over the weekend and I hope to have gotten a better handle on the count. Until then...

Best of Trading

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Friday, February 25, 2011

ES_F: Alternate Count

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