mardi, juillet 22, 2008

SP 500 Elliott Waves targets Part 2

The trend remains bearish for the SP00 and all technical bounce attempts have failed so far.

As you can see on the chart, the targets of this “devastating” C wave for the SP500 is

C= A : 1163.61

C= 1.38XA : 1066.84 (note that this corresponds to the bottom of wave 4)

C= 1.62XA : 1005.73

Bear markets sometimes extend well beyond what we can imagine.

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