This market perspective is based on the Elliott Wave Principle and represents
a best estimate of the most probable future market direction. For more information regarding Elliott Wave
Principle please see our Elliott Wave International site review here.
Green or Red Circle
Green or Red Arrow
Monthly Commentary April 17th 2006
We were stopped out of our short position entered at 1380 on
3/5/7 at the close on 4/16/7 at 1468. We have now reversed to long with an initial trailing stop at 1380.
Yearly Commentary April 17th 2006
We are still long the yearly chart with an entry at 1325
from 9/20/6. Our trailing stop is now at 1367.
This market perspective is for your information only. Please get professional
advice before risking money on trading or investing using this information. Note that the S&P 500 is a theoretical
index that cannot be directly traded.