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Friday, January 11, 2013

$SPX: Accuracy,1474.51 is the first Elliott rule final proof, tomorrow

We have aplied our first rule, accuracy, so the third Elliott rule, at 1266.74 and, now, the first Elliot rule, at 1474.51 will tell us if the downfall is as close as the distance from the EOD price, today ( 1472..12) and 1474.51, namely 2.39 points. Todays high was 1472.30. My first rule: accuracy, not allow differences neitherone hundredth.


SPX, 2 year daily chart