Ewj: elliott wave

Is there a reason bond are so out of sinc with the market, usually there going the opposite way but the last few days they been following the market. ES
 
Goldman downgraded a bunch of energy names and initiated coal stock coverage with what looks to be a "sell". . . Nat-Gas is getting pounded again ( 2 days in a row, now at $3.78 basis May ) and this is putting HUGE DOWNSIDE pressure on the natural resource, energy, and commodity sector.
 
Quote from ericmoles:

Thanks blnbr. I want to get the book. It sounds like quite a tome.

As far as I know some people read Prechter's book and get the basic idea first and then read Neely's book. I think Neely has contributed valuable findings under Elliott Wave framework and made the method better for trading. I've also seen other E-wave followers contribute new findings or patterns under Elliott Wave framework. It’s quite obvious that E-wave approach is still evolving.
 
Spx bounced right off the 813. The massive double top on the longest term chart you want to put up. Very big battle in a market that doesn't seem to be in a battle.
 
Head and Shoulders confirmed, there should be a measured move DOWN which may end at supporting trendline of the ED .
If the line is broken, the third Sell Signal may be triggered.
If the third Sell Signal is trigger, the Big "M" pattern may be confirmed.
If the Big "M" pattern is confirmed, there may be a Big Head and Shoulders pattern.
May be the Bulls fight back before that :confused: .

Edit: Note the trend channel.
 

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