A Discussion of Technical Analysis, Elliott Wave Theory, and Fibonacci Ratio's focusing on Energy Mkt.s Crude, Products, and Natural Gas. Occasional Fundamental Analysis, Energy News and Rumor.
Wednesday, September 9, 2009
SP Squeaks Weak Double Top
SP's look like they got nothin' left. With dollar lows and a commodity rally, this push to new high's is low volume and looks almost obligatory. No volume. Also a possible Elliott wave count putting it in a 5th wave of "E" , up from 865.
I have been applying Elliott Wave Theory to energy markets as a broker and as a trader for commercial entities since 1983.
This blog is merely my personal musings on various wave structure's and NOT any kind of trading recommendation or suggestion.
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