Warum gibt es etwas und nicht nichts? (Why is there something rather than nothing?) - Leibniz

Friday, October 10, 2008

Elliot Wave again

Like Robert McHugh, "Mish" also follows the Elliot Wave theory:

In Elliott Wave terms the index is in an impulsive wave 3 down. At some point there will be a corrective wave 4 up, with still more down to follow in wave 5. A lower low can be expected.

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