tag:blogger.com,1999:blog-6295816220567143055.post9063066557934802304..comments2023-10-19T03:15:44.159-07:00Comments on ***EW trends and charts, LLC********: Week-end Outlook!!Michael Eckerthttp://www.blogger.com/profile/04375800887149740795noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6295816220567143055.post-21608100785777591602009-11-29T21:06:47.881-08:002009-11-29T21:06:47.881-08:00I kind of have a simple wave count going for the R...I kind of have a simple wave count going for the Russell 2000. The Russell 2000 appears to be tracing out 5 waves down from the top on October 19. This chart shows the bottom of wave (1) that began on October 19, and top of wave (2) (the high on November 23). The rally that began on November 2 was a complex countertrend pattern. The first part of the countertrend was an ABC zigzag followed by a three wave move to the X low on November 13. The second part of the countertrend move traced out a triangle marked by ABCDE. You can see the labeled chart along with some other markets here: http://www.graspthemarket.com/elliottwave/20091130a.phpAnonymousnoreply@blogger.com