Market analysis from TheMarketDetective.com that utilizes the Elliott wave principle and Fibonacci analysis.

1. Got any threes?
My primary thesis is still the triangle but I am not blind to the possibility of a zigzag
higher off the 10/27/08 low. With counts technically working with 3s and 5s I am
focusing on ratios to decipher the code.
Looking at the NQ (indices are trading in tandem) the next move of size should be down.
Another wave up above the 200 period to tag 1328 is likely if we turn back up between
here 1300 and 1288. IF these levels do not support a turn, then a move to 1226, then
1160 is probable.
More soon.

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