Wednesday, March 9, 2011

YouTuve video - Elliott Wave Analysis of Nasdaq - Trading a triangle



From an Elliott Wave perspective, the Nasdaq index, as well as the S&P may be in the process of carving out a triangle structure. This video shows how to properly predict the length of the thrust from a triangle using the Elliott Wave principle. Also, since thrusts from triangles are terminal, meaning they mark the end of a corrective structure, if the stock market does experience a thrust from a triangle within the next few days, my next video will show the subsequent predicted target range for the next wave, based on the most likely Fibonacci relationships it'll have with waves completed days, weeks, and months ago . . . Stay tuned . . . Sid