The market detective is a Chartered Market Technician (CMT). He uses technical analysis to identify market turning points and opportunities. He is primarily an Elliottician, he uses the Elliott wave principle and Fibonacci ratio analysis to uncover clues about the direction of the market. He uses other forms of technical analysis to corroborate his findings in such a way as to assign a probability factor to them.

1. 12/3/20089:08 AM
Complex corrections are trying. It is difficult to get a motive wave out of this mess so I
am sticking with the primary thesis.
Notice that in addition to the 1:1 ratio extension shown earlier with the probable
completed double zigzag, we are also stalled at a .618 retracement of the 5 waves down
from the high.
Here are some revised targets if this resistance level holds. The .618 extension exactly
aligned with the recent 5 wave low is compelling and common.
TMD/DW
The market detective provides personal market opinion based on sound technical
analysis and research. However, no warranty is given or implied as to its true reliability.
The market detective will make errors and mistakes. The market detective is not
an investment adviser and is not making recommendations to buy, sell, or place orders

2. 12/3/20089:08 AM
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