Ewj: elliott wave

The indices are breaking over multiple resistances :) .
We may be in Wave 3] now :D .
The volume is decreasing :eek: .
If the indices fail to clear resistance trend line and DMAs (50 for SPX, 200 for INDU),
they may fall :confused: .
 

Attachments

TRAN and UTIL are also at resistance level :) .
SPX, INDU and NASDAQ form Doji at resistances levels :D .
Will these turn into Evening Doji Star :confused: .
 
Hi All,

Just joined the forum recently and thought I would share with you some of my Elliott Wave analysis of the markets.

I mainly look at the FTSE and the Dow Jones.

Here are afew charts:


FTSE 100
http://i38.photobucket.com/albums/e102/Andronichuk/Elliot Waves/1-6.jpg


I bought the FTSE at 4885 after the neckline break of the "upside down head & shoulders" pattern.


Dow Jones
http://i38.photobucket.com/albums/e102/Andronichuk/Elliot Waves/1a-6.jpg

Missed the buy on this one but looking to sell it very soon.


If anyone is interested, I run a free (100%, no catch) newsletter.
If you wish, feel free to subscribe for my elliott reports (about 3 times a week) and get links to my weekend review videos.

http://lpuk.us1.list-manage.com/subscribe?u=6f430c08c7c541285612f19e5&id=8cc00d590f



Let me know what you think of my analysis,

regards,


Max Andronichuk
 
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