A variation on the Elliott wave count presented yesterday...
This possibility simply affords more time for the current leg of the market's counter-trend rally off March '09 bottom to complete. With RSI just beginning to diverge and MACD only slowly starting to turn over, this likelihood seems to increase ... particularly given the trend since March '09 bottom, that is.
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Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.
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