XJO s&p/asx 200
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where is the market headed?, page-21

  1. bootes
    122 Posts.
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    01/12/08
    08:37
    Post #: 4558037
    Johnny G,

    I am no Elliot expert either - but your 1-3wave pattern could also be viewed as a first wave at a higher degree.

    You can see a nice 5 wave impule on the way up here.

    Given your chart - this would have us positioned at the begining of a 3rd wave.

    XJO Value at posting: 122.40
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