Wednesday Update

The buy Alerts have been wiped out for those equity indexes that were on Alerts. The Dow, Real Estate, Silver and Miners continue on long/buy Signals, the rest remain on sell/short Signals.

The favorite wave count is that intermediate wave (2) has either finished or is finishing somewhere between today’s low and S1 @ 2399. Once complete we should see a nice move up in wave three (unles this morphs into a leading diagonal, in which case three must be shorter than one). The less likely alternative is that C2 is still unfolding and intermediate wave (4) of primary wave [C] just completed and a final leg down to a slightly lower low will follow.

About alphahorn

I received an MBA from Columbia University’s Graduate School of Business in New York and am a Wall Street veteran. I’ve worked for a number of investment banks including Smith Barney and First Boston/C S First Boston in New York. Over the years, I have developed my own Proprietary Swing System and I combine that System with my own Elliott Wave Analysis to trade.
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