Nasdaq Composite – C wave looks to be in finally

June 15, 2009

After a long drawn out C wave that appears to be a diametric, or ending diagonal pattern, a substantial retracement finally seems likely.  I would like to see it stay below 1875, in other words put my stop loss there on a short trade (or contingency stop with put options).  I am still in the process of making a F-L-H-L chart for the COMPQ intraday for the most recent rally.  It is extremely time consuming, but I should finish soon.

8:52 AM

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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.
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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