Apr 052011
Elliott Wave Analysis of the Nasdaq Index by Sid from ElliottWavePredictions.com. Covered topics: It appears that the Nasdaq is in the early stages of a triangle for wave 4 black, which will likely last 6-8 weeks. At the end of the triangle, I expect a quick and aggressive thrust to new highs above the October 2007 high, to be followed by a bear market, eventually taking the Nasdaq to slightly below its October 2002 low.
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