A ringing bell, you hear it?

Not necessarily. Could also lead to a descending triangle.

Hello Samuri. I like your EW count and charts on the YM. Im posting a MACD bullish divergence with a minimum "must reach" target of 9654 - the high of November/previous month, 2008. Also on the WHC Trader i see a gap @ 10331-10247 October 6th this year, that wasnt filled. Can youconfirm or denie it. The descending UTL was broken and the price is travelling to the upside. Divergence target calculated by Igrok's method. And its like a debt that will be payed sooner or later. And from my expierence gets filled straight accurately. Im not trading this yet, im trading currencies. Still a long way to beying consistantly profitable for me...I was recommended by one trader in ff thats in the game more then 35 years to learn the Elliot Wave method, as it will help greatly in my trading with trendlines, patterns. Maybe you can recommend something nice to read or anyting related to Elliot Wave

Cheers,

P.

Belekas, I ve researched Eliott wave on Amazon, there's only a handful - I found 6, and I believe that the best books are:
1. Mastering Eliott wave - by Glen Neely
2.Applying Eliott wave theory profitably - Steven Poser

the Neely book is apparently the only one with a scientific method but its ultra complex , and there is a discussion thread here on FF, so you can ask those guys
http://www.forexfactory.com/showthread.php?t=10696

p.s. I still haven't read any of the books , I ordered since I live overseas and they don't have them here

I hope you guys are right about the DJIA 8000 support
cheershttp://www.forexfactory.com/images/icons/icon14.gif

Despite all the negitive news I see for the first time in a good while that stocks have climed above the 40 pma.

I like this count, what about you?

That is a weekly chart, by the way.

Cheers.

All we need to do is sit tight and fasten the seatbelt.
Enjoy the bottom picking return.

So far it is so cool, how far can it go?
Time will tell.

Cheers.

The correction is at its target zone, what happens next is crucial for the USD and the Dow.