Elliott Market Waves: Feb 18, 2010

Thursday, February 18, 2010

The true battle for the bear case is coming.

Alternative pattern (corrective). Needs confirmation. Despite this, the bears must be cautions once the price is above the MAE 20 and 50.

Possible inverted H&S underway (time frame 5 min). Possible target at 1110.

This count agrees with yesterday's first and fourth update. Alternative counts are possible as I showed yesterday.

Nice gartley bearish sequential!

Alternative count from Moguita.

This count is still alive :).

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