Posted by: eminitrader March 3, 2007
Making Money with Eminitrader
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I do not use elliot wave but I follow this one guy's market updates to understand what they are looking at. He posted these targets last year. Look how it went to 1462 and the market sold off. I use these numbers besides my own analysis. The numbers do not necessarily point market turns but it is necessary to be careful when the market approaches those numbers. He thinks this bull market will go to atleast 1530 eventually. He could be right. But for now, I think 1316 is the near target before the market rallies.
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