Elliot Wave Noob. Think we are in Wave 5 (the sucker wave up). Wave 3 is shortest - I know this violates official rules. If we are in wave 5, then top is around 2360. Comments. Again, learning wave theory. Trying to apply it, on paper.
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Marc Miller, Technical Analyst, at UBS thinks we are in wave 5 too. But, I think he is using the next larger wave than me. Marc predicts wave 5 will top out between 2300 and 2400. (It was hard to read the numbers on his chart). For anyway who cares, google on Marc Miller, Wave 5 and UBS, you should be able to find his wave charts.
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This is wave 5 in wave 5. Next top between 2320 and 2360. All three rules apply.