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View Full Version : Nasdaq Wave 5 high


Steve Griffiths
11-20-2007, 02:09 AM
Hi Everybody,

I have just got back into the office after my vacation to see that the NASDAQ has continued to decline from the recent Wave 5 high nicely.

As you can see the "Show Elliott Waves" Module in MTPredictor isolated the 5 wave rally from the Aug 16 low into the Oct 31 high perfectly. Then (this is the best part) automatically identified the minimum Wave 5 WPT (the first wave 5 resistance area) where the Wave 5 rally was likely to end......

As you can see this nailed the Oct 31 high for you absolutely perfectly !! It is no wonder the market has declined since ;)

As such, all MTPredictor users should have been aware of this and as such been able to take advantage of this decline...

Steve

Larry22
01-07-2008, 06:04 PM
Since the 5 wave advance we have now reached an interesting cluster area for the end of the correction with 2 DP and 1 retracement.


See the daily charts below.


Laurent