Monday, February 27, 2012 12:37:17 PM
Traders please notice the fifth wave, by my ocunt, has entered into a diagonal.....under Elliott this is referred to as an ending diagonal triangle........I am enclosing some pics...
The SPX 30..
[chart[stockcharts.com/c-sc/sc?s=$SPX&p=30&b=1&g=0&i=p98033792711&a=256684739&r=3739[/chart]
Here is another look at the conoslidation..
I wish I was intelligent enough to provide the mathmatical background on how the sliding support resistance of the median line is determined by price. If so my percentage B would always be at hand....
The SPX 30..
[chart[stockcharts.com/c-sc/sc?s=$SPX&p=30&b=1&g=0&i=p98033792711&a=256684739&r=3739[/chart]
Here is another look at the conoslidation..
I wish I was intelligent enough to provide the mathmatical background on how the sliding support resistance of the median line is determined by price. If so my percentage B would always be at hand....
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