Elliott Wave Leaderboard

Wednesday, January 25, 2012

Is THIS the TOP?

Analysis says Good Chance

The diagonal line I have drawn is the price level that is exact length of the A leg preceding this final C wave up. I have much conviction in the Elliott Wave Principle because of it's objectivity. This objectivity is still telling this analyst that a top is forming (formed) and the next LARGER wave down is coming. 

I have stated that the break above the trend line resistance could very well have been a bull trap, wherein a stock or index breaks above resistance yet only to retreat back. It gives traders and investors a lot of hope in the market, so they buy in but only for the real down trend to continue. 

If you have money in the market or are an aspiring trader, you NEED to be apart of Elliott Wave International and start the process of changing your perception on the markets, Today! You can get the FREE club account through the banner ads up top or to the side. ALL of the information they have is MUST SEE! 

I'm not blowing smoke here; I truly believe in this analysis. There is NOTHING else like it out there, NOTHING! 

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