Nasdaq update

June 9, 2009

Sorry, I still haven’t gotten around to the chart.  But basically 5/29 to 6/05 looks to be an ending diagonal with a failed 5th.  If the Composite can stay  below 1865.95 (37.08 QQQQ), it is more likely to be confirmed.  Monday’s EOD rally may possibly be a B or 2, probably not complete yet.  More this week…

10:44 PM

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Email: trader_pro_FW@yahoo.com AIM: Traderpro88
My analysis utilizes fractal analysis, Fibonacci cycles, Fibonacci expansions, Fibonacci retracements, Market sentiment, and Elliott Wave analysis. I am constantly looking for new methodologies and ideas. I watch US stocks and indexes primarily. I hope you enjoy the site.
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Fractal charts are not usual Elliott progress labels. These charts are intended to depict general repeating randomness, if you will. I will post Elliott Wave counts as well as fractals.
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