Monday, June 11, 2012
OK, Elliot waves have become old-fashioned and few traders look at them anymore. Here are the counts as I see then recent downward impulse. We have completed the A-wave corrective and are likely about to see how low the B-corrective will be.
Voo-doo. The Elliot Waves are usually only apparent to me after they are completed and I find them useless for trading. The low sentiment and oversold technicals from last week are pretty much played out. My guess is that we trade in a low volume range here .