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I just made a multiple chart post to my blog. Get the latest wave count on the $SPX at : http://elliottwavelive.blogspot.com/2011/02/market-pulse_15.html Best of Trading

The last time we spoke I was looking for a new high in this market. Friday's price action carried the market to a new high... one that reached the targets stated in the 2/9/11 post of 1326.75 - 1329.25. If you review that post v.s. the wave count that I have presented here tonight, you will...

A multiple chart post has been made highlighting $SPX, ES1-057 and ES-057 price action at: http://elliottwavelive.blogspot.com/2011/02/market-pulse_09.html

A multiple chart post has just been posted. Get the latest price projections for the eminis at : http://elliottwavelive.blogspot.com/2011/02/market-pulse_07.html Best of Trading

A multiple chart post has been made on the S&P at : http://elliottwavelive.blogspot.com/2011/02/market-pulse.html Best of Trading

Interesting. I have momentum indicators that fire signals between 1-2 bars of the bottom of the swing. Have you published any results? I'd be interested to see them for the ES-F contract. Please PM me if you have tose results.

As expected, the S&P completed w.i circle and rallied. I've labeled the substructure for your review. Second waves typically retrace 50%- 62% of the previous wave, with 62% being most common. By looking at the current wave structure, there are a number of possibilities that could be unfolding...

The ES-F reached a new recovery high today that effectly removed any bearish bias. It is confirmed the DOW's leadership... a negative sign for the bears. If you are watching price action you know that this market is struggling to stay afloat. The new high means that our next expansion that...

Tonights update will be brief as tomorrow starts the FOMC meeting. Today's advance cau me off guard. In my weekly publication Heard On The Street , I anticipated a further decline today. That's not what happened. Instead the market rallied to a .786 retracement of the decline that began from...

I have confirmed a five wave initial decline from 1295 that was followed by a three wave counter trend move that completed at 1288. Regardless of whether you're a bull or bear... according to the rules and guidelines of EWP, at a minimum this market should move to the OP and complete a 5-3-5...

The Market finally cracked or did it? Today's opening gap down was followed by significant selling pressure on heavier volume. While the price action looks impulsive on lower time frames, one day doesn't confirm that a tradable top is in place. For tomorrow I'm anticipating a rally that should...

I just made a multiple chart post on the ES_F market at: http://elliottwavelive.blogspot.com/2011/01/heard-on-street.html Best of Trading

I just posted a mutichart post for the ES_F at http://elliottwavelive.blogspot.com/2011/01/market-pulse_12.html Best of Trading

There is little to discuss tonight that adds to my current view that the market will rally to the 1291 area. The price action since 1/3/11 is clearly corrective. However the market on the weekly chart level is OB and 1275 seems to have proven to be formidable resistance. The USD has rallied...

I have just made a multiple chart post. You can read it here at : http://elliottwavelive.blogspot.com/2011/01/heard-on-street-weekly-perspective.html

Today the markets began the year with a bang. The wave structure counts well on the daily and 60 minute charts. W.(2) may have ended right at one of the potential targets (1271.5) that I mentioned for the termination of w.(2) during my 12/27/2010 post. There was a minor decline at the close but...

I'll send you a PM on the specific but "yes" to the question in general.

To your point, there are a number of alternatives including your view. If you look at them... a significant pull back will occur giving traders ample opportunity to profit from either direction. Here's a link where I discussed this topic back in early Nov. At the time I had not considered your...

Today's multi-chart post covers the S&P and Gold. You can read more at http://elliottwavelive.blogspot.com/2010/12/market-pulse_29.html Best of Trading

Daily. See the original attached chart of ES Mike