![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj9GbbaVrLuBgthXEtilKi3cJm_cbtBeR1Jx_UZYiGhcgmg69mS5TonJNmIYZVTsZ5QtIruEfgO_PH0ilgVa0vBGLqw2uiuUH5PMHgk9qWJr6V_kDFWA_MZ2zgRO4z9lUiSWCjwFxYQJ88/s400/acor_update.png)
9 Sept 2011
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhxBIl1ub0acb4cq86hZU1Qv-tpbScGCQomreKNNCroAN35iabFDPTzM0RgZp5BOIJ0-lXp0sPwnJuzbVvc24Anp9GNRIAvIX_WpU1IHeIhUu0dn9u5i6W6j519yZdaDB_z8X646C5dA9E/s400/acor_110911.png)
The ACOR price action further confirms my view that the market is reaching a critical juncture,
albeit a temporary bottom and a subsequent reversal.
ACOR price action reflects 5 wave of Elliot primary wave count and as suggested a Wave 4 sell on 5 September for Wave 5 Price action. Whether it has put in a bottom is yet to be seen, as such we can only deduce, Wave 5 is still in progress till it terminates with a bottom reversal.
Previous Post :
http://chart2trade.blogspot.com/2011/09/acor-wave-4-sell.html
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