The market internals show a possible rally setup, while the long term Elliott wave analysis shows a potential for more significant downside. The suggested strategy is to not guess and wait for the market to show it’s hand before allocating cash.
Weekend Outlook - 16Nov08
November 16th, 2008 1 Comment
Tags: A-B-C Correction · Elliott Wave Analysis · Market Internals · Market Outlook · Standard and Poor's 500 (SP500) · Value Line Arithmetic Index (VLE)