SELL VOLUME LAST TWO DAYS IS DOUBLE RECENT VOLUME.

The sell volume last two days was double the average volumer of the BULL from early December and we are now at the December lows with more yet to come Monday.

http://stockcharts.c...p...0&listNum=2

This is definitely proof that the ABCDE structure from the '08 lows is now complete. And this is only wave i of 1 , it should end at about 1020 given that we are in 3 of i now with 4 and 5 of i yet to come. Elliot wave tenets call for a second impulse after a single impulse is completed and a bounce has taken place, that would imply a minimum of about 880 - 890, likely 860 for the end of wave iii of 1. A big bounce should come after that.....

Given the speed fo this move we should reach the 860 target by the end of February/early March.

GS.

Edited by goldswinger, 22 January 2010 - 05:14 PM.

The sell volume last two days was double the average volumer of the BULL from early December and we are now at the December lows with more yet to come Monday.

http://stockcharts.c...p...0&listNum=2

This is definitely proof that the ABCDE structure from the '08 lows is now complete. And this is only wave i of 1 , it should end at about 1020 given that we are in 3 of i now with 4 and 5 of i yet to come. Elliot wave tenets call for a second impulse after a single impulse is completed and a bounce has taken place, that would imply a minimum of about 880 - 890, likely 860 for the end of wave iii of 1. A big bounce should come after that.....

Given the speed fo this move we should reach the 860 target by the end of February/early March.

GS.

no doubt market is going down it's growing on nothing!!