| SEWB April 28, 2009 |
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| Written by Anant Acharya | |
| Tuesday, 28 April 2009 | |
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Special Elliott Wave S&P500 Bulletin For April 28, 2009 Anant Acharya Access to this information implies that you have read and will abide to the terms in the disclaimer below. If you have questions or feedback, please email Matt Blackman at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it . Overnight, the after-market activity appeared to show a very weak S&P500. However, markets then recovered sharply in the early minutes of trade to show gains, before selling pressure resulted in a likely Impulsive (IM) wave fall once more. At this stage, the action still does not warrant calling for fresh lows or highs yet.
Figure 1 – Three-minute chart of the S&P500 showing the most recent Impulse pattern Wave 1 (i) starting from today’s high and beginning of IM Wave 2 (ii) along with highest probability target area (dark area on vertical histogram by prices). Chart provided courtesy of Refined Elliott Trader (RET) software produced by Elliottician.com
Suggested Elliott Wave Reading Forecast Change for Elliott Wave Followers by Matt Blackman (SFO article explores recent EW research findings) http://sfomag.com/article.aspx?ID=1218 Short Overview of Elliott Wave Principle http://www.indiacharts.com/EW.htm Elite Trader’s Secrets by Richard Swannell (Free eBook) ftp://ftp.elliottician.com/pub/ebooks/ERP1Results2003.pdf Elliott Wave Principle by A.J. Frost and Robert Prechter http://www.elliottwave.com/books/ewp/default.aspx?code=oco R.N. Elliott's Masterworks edited by Robert Prechter http://www.elliottwave.com/books/rn_masterworks/default.aspx?code=oco
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| Last Updated ( Wednesday, 29 April 2009 ) |
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