Elliott Wave Discussion Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Elliott Wave Discussion

GOOG 284.56

+1.0%

9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Next 10PreviousNext

From: gemx	8/16/2005 3:51:05 PM
	of 3

On the 10 day chart of the SPX, there's an "ABC" zigzag..when or if the SPX takes out 1223, a full "C" would target 1218-1219..a further breach of 1218-1219 and we could be looking at 1205-1206 on the SPX before any semblance of a reversal... NASDAQ is trying to form an "ending diagonal", and the major support is 2130..2130 also happens to be the upward channel from the 1897 low...a breach of 2130 and we could be looking at a larger correction, or a W2 on the 6 month.. Longer term though, NASDAQ and SPX have taken out new 52 week highs, and 6 months from now we could be looking at NASDAQ 2600-3000.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Next 10PreviousNext