The above depicts an 85% retrace of the initial impulse wave up off the lows.
It looks like a "b" or 2 down.
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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.
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2010
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February
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- Housing Disaster
- OPEC Output Reaches 14-Month High on Saudi Gain, S...
- Rbob Ramp Redoux
- WTI Big Picture and Outlook
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- SP Support?
- Euro Creeps Sideways
- UNG
- Coming to a Theatre Near You
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- WTI
- Greece NOT Unique Confirmed
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- WTI Hits 50% Retrace.
- SP Update.
- Rbob Sale ?
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- Natural Gas Inventories ETC.
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- Never short a country with $2 trillion in reserves?
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About Me
- Guy W Bishop
- 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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