Search results

Tonight's post will be brief as there is not much to discuss due to the thinly traded holiday markets.Today's price action looks to have completed a small fourth wave which means that a final fifth wave should still unfold to complete w.v circle of w.5 of w. (2). In preparation for the...

ANNOUNCEMENTS The market is closed tomorrow in observance of the Christmas holiday. This will be my last post of the week but I'll be back at my desk on December 26, 2010. To all my readers across the globe celebrating either Christmas or Hanuka, I wish you and your family a joyous holiday...

I have just posted some detailed analysis that I have been working on during the month of December. Charts and comments include: US, Europe, Asia-Pacific markets, Currencies, Metals and Energy. If you are interested go to...

As a reminder, I'm making posts to this forum when the discussion warrants the use of a single chart. For multiple charts, I'm using my blog for simplicity so readers can fully understand my material, rather than jumping between pages trying to piece my thoughts together. I have just make a...

A multi-chart commentary can be found at http://elliottwavelive.blogspot.com/2010/12/market-pulse.html for todays market action.

Let's keep this simple. I hate making a post that I have to break up and ask everyone to interpret what the *** is going on. So when I make coments that contain more than one chart I will be using my blogsite on a moving forward basis. It's easier on all of us. Of course, single chart posts will...

US Dollar (DX_F): The rally from 75.23 to 81.44 has so far unfolded in only three waves. That's a corrective structure that implies that the larger downtrend may remain down. I have been working a series of 1-2's and this interpretation is running out of time and price. What I mean by that is...

Gold ( XK_F): At the daily chart level, gold has either completed in five waves or the decline from 1432.4 is unfolding in a three wave structure as I have depicted on the ALT (alternative count) line. Either interpretation should result in further downside pressure.

Insight: The rally in the ES_F appears to have ended, albeit temporarily so. Yesterday's advance to 1235 came within 4 points of the 1.232 RF that I mentioned in my week in review. The subsequent sell off that developed after the first hour of trade was on high volume and therefore a...

Insight: What a zoozer of a day. The ES_F traded in a 5.5 point range and closed within the previous day's range making it an inside day. For tomorrow... be on your toes looking for a possible trend day. I would like to spend some time speaking about gold since I was preoccupied with it...

Mark, Thanks for the comment. I have a blog where I also make comments on other markets. I use it to accomplish the very task that you describe. The presentation is much cleaner and easier to follow. It would certainly help if I could just post the link to the blog when I have multiple charts...

Here's a question for my readership. Does anyone know how I can post multipe charts within the same post? Seems aweful combersome and difficult to get my point across when I have to seperate comments and charts. Thanks

and the chart for the w.5 interpretation

Here"s the chart for the running triangle interpretation

This post contains 4 charts Insight: The ES-F and $SPX continues to unfold in what I believe is w.4. Friday's advance was interesting as it eliminated the regular triangle interpretation that I was working as my operative wave count. The minor breach of the high that was made on...

I've attached a chart that I presented before depicting moving average compression. Look to the far right side of the chart. Notice how the three moving averages : 30, 10 and MOAD are still compressing as indicated by the blue circle! I think this techincally argues more for the triangle...

Tonights post is II parts . PART I: The current wave structure that I am labeling as w.4 is still unfolding. Today's large advance represents w.c of w.b circle. My expectation for the ON session or tomorrow's early trade is a slight advance followed by a partial retracement of the rally...

BB - thanks for the comment. Could I ask that you upload your chart(s)? I can make some comments after seeing your labeling. I do label quarterly, monthly and weekly charts but generally do not concern myself with Grand or Super Cycle wave counts when it comes to trading. I position trade...

Today's session continued to demonstrate sloppy price action. Today's decline below w(a) blue (1174.75) forces an adjustment to the previous wave labeling whereas w.b circle is still unfolding. Unfortunately I can't determine if w.4 is unfolding as a triangle as the proposed chart indicates or...