Wednesday, April 8, 2009

Fibonacci and Elliot Waves 04/08/09


We got a 100% extension of the initial A-B-C Wave formation, and about an 80% extension of the C-D-E Wave formation. We also have the 5 Elliot Waves to the downside. If the Elliot Wave theory holds true, we should see a 3-Wave correction to the upside. Let's see if that actually happens.
Charles

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