Projections as of October 13, 2014

The selloff has gotten really intense, although I think another bounce is going to happen within the next week. The charts below show my projections for how I expect this correction to play out from an Elliott Wave Standpoint. Click on the charts for more clarity.

Nasdaq-100:

ndx october 13 2014

 

Dow Jones Industrials Average:

Dow october 13 2014

The Dow is different in that it appears to be in an expanded flat correction. The C Wave of an expanded flat usually breaks down into five subwaves instead of three.

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