Tuesday, January 8, 2013
SPX - Correction in progress
Indexes in fractional and slight decrease, with several leading stocks that continue to outperform (see "US stocks" page).
I confirm my preferred Elliott wave count: wave [b] is in progress and it is started the third downward wave c/y;
first alternate count: wave [b] is a sideways pattern, such as three (w-x-y-x-z) or triangle (a-b-c-d-e), that could also end today.
Have a great trading day...with care!