Elliott Market Waves: Nov 5, 2009

Thursday, November 5, 2009

Just follow the waves :). wave v of C underway.

As I said in my chat my alternative count underway with a double zig zag in this wave ii.

SPX made cleary 3 waves to the upside (counter trend movement). The reaction at the 106x's area was brutal and the odds suggest wave iii began today.

Nothing new to say. Seems GBPUSD is underway wave iv of C.