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The elliott wave practitioner, 2 May 2009, SPX, FTSE 100

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The elliott wave practitioner, 2 May 2009, SPX, FTSE 100 video:


In this video I look at the recent price action in the SPX and the FTSE 100. I think the SPX is on course to terminate the short term 4th wave triangle before giving us the last leg of this 5 wave run. I expect the rally to terminate under 915.00 and if so, it will make the task of forecasting future prices easier than if it falls immediately on Monday. The FTSE 100 also shows a fairly clear picture that calls for one more leg up to terminate the 5 wave run of the 'C' leg, thus completing an abc. Such an outcome will call for prices to fall for several weeks with a potential to reach all the way back to the bottom on the weekly scale. The charts in this video are available for a free download from my website from the Downloads section. www.the-elliott-wave-practitioner.com

The elliott wave practitioner, 2 May 2009, SPX, FTSE 100 Category: Howto
The elliott wave practitioner, 2 May 2009, SPX, FTSE 100 Uploaded: May 2nd, 2009 @ 12:44 pm
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The elliott wave practitioner, 2 May 2009, SPX, FTSE 100 Length: 08:38
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