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To: Jack of All Trades who wrote (139100)12/1/2006 5:44:19 PM
From: skinowski  Respond to of 209892
 
If I can see today's low as a possible end of a correction in Elliottian terms? Yes, without difficulty. The rally towards yesterday's high is a little tricky... it could be either a "three" or an impulse. But in either case if the market rallies I wouldn't be surprised from an EW point of view.

In the short term, yesterday's high is R, and today's low is S - and we are about in the middle.

The trend may be showing signs of fatigue, but it ain't broken.


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