Wednesday, July 7, 2010

The Missing Straws.

If there is going to be a significant decline in the markets the two indexes shown below will have to break the Feb 05 2010 lows which represents the 4th wave of lesser degree in Elliott terms.

Wednesdays Pivot Points:
R2 1053.79
R1 1040.92
Pivot Point 1029.64
S1 1016.77
S2 992.62

Russell 2000 Small Cap Index
Dow Jones Transportation Index

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