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Strategies & Market Trends : Elliott Wave Theory

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From: Feraldo4/21/2009 2:33:45 PM
   of 43
 
Been studying the Bulkowski ending diagonal triangle.

thepatternsite.com

I don't know if I'm doing this right, but One could have been drawn upon the S&P daily and the Dow intraday today. Maybe I am just trying to put something where there isn't something. Perhaps someone can help me out and let me know if I'm doing this right.

S&P daily

picasaweb.google.com

Dow intraday

picasaweb.google.com

The dow intraday did as expected. Broke down to about the start of the 5th blue wave. Then bounced, then broke down below the 5th blue wave bottom.

Maybe I'm stretching this too far.
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