L Landis82 Aug 16, 2007 #51 Quote from jeffalvinson: Landis, I believe the SPX is eventually headed for support at its rising 80 week moving average (SPX: 1380). Does your Elliott Wave method agree or disagree with this area of support? Jeff More... Jeff, as I posted earlier this week there was a classic "measured-move" target of 1375. First leg down was 128 points to 1428. Rally back to 1503 high. 1503 - 128 = 1375 Bingo!
Quote from jeffalvinson: Landis, I believe the SPX is eventually headed for support at its rising 80 week moving average (SPX: 1380). Does your Elliott Wave method agree or disagree with this area of support? Jeff More... Jeff, as I posted earlier this week there was a classic "measured-move" target of 1375. First leg down was 128 points to 1428. Rally back to 1503 high. 1503 - 128 = 1375 Bingo!
