Elliot Wave, Forex, Stock Market, Fibonacci, WD Gann, Tom Strignano (Forex Signals), Trendlines,
So are you grabbing your put options now, or waiting for the 3rd of the 3rd?
I do not see a prolong move down until the middle of 2011. We may pull back into late November to 1110 and then bounce to test or rise above the April High. The line in the sand is 1040. For confirmation for a prolonged move down to 800 we need a close below 1040 for a few days. The fundamentals continue to deteriorate but Tops are a long a process and will suck you in to the bitter end before the new bear starts. As per cycle analysis we could see a move to a new high at some point in 2011 and then the bear should rear its ugly head and trade to significant lower levels until 2013 where we could see another trade able bottom.