Elliott Wave Update ~ 11 September 2012

I tend to think that prices will lunge one more time to reach the upper wedgeline on the Wilshire 5000 (and hence the S&P500). This price is about 1450 on the S&P.

Wilshire weekly shows that prices have room to move to its upper wedgeline.

DJIA confirmed a wedge move today.

Squiggle count has lots of options.