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. 11/6/20089:31 PM pacific
I am going to do something I don’t do very often and call an erroneous spike (next to B
labeled 2). I have adjusted the count accordingly. In doing this I get an extended 3 count
for the 5 wave set down from B.
The structure of the move up this evening in the futures does not appear motive to me
(five wave set), and it will take a couple of motive waves to get to the .500 or .618
retracement level of the move down from the recent high at 100850.
My preferred thesis is that we take out the recent low and complete a second set of 5
waves-C- that is a 1:1 ratio of the first set of 5 waves-A- completing an A-B-C pattern
down from the recent high at 100850.
TMD/DW

2. 11/6/20089:31 PM pacific
The market detective provides personal market opinion based on sound technical
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