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July 14th, 2010: Russel Daily Chart

Posted by pugsma on July 14, 2010

11:30 pm EST: I was just looking back through my blog archive tonight and I came across this post on from Oct 29, 2009: http://pugsma.com/2009/10/29/russel-2000-long-term-chart/  The post was about my “long term” view of the Russel 2000.  I predicted a P1 top of 750 by Jan 2010.  It hit 747 in mid-April .  I predicted a P2 bottom of 594 by April-May 2010.  It hit 585 in early July.  So my targets were near perfect but advaced in time by about 2 to 3 months.  Thus, the predictive power of Elliott Wave Theory in the hands of a good practitioner.  🙂   One other interesting thing to note is that the bullish count was my alternate count on the Russel-2000 back then.  But it was my primary count on the SP-500.

Russel-2000 Daily Chart (7-14-10):

Russel-200 Daily Chart (10-28-09):

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