Elliott Market Waves: 11/01/2009 - 12/01/2009

SPX daily update

Monday, November 30, 2009

Two possible counts still underway, the bullish (wave B finished) and the bearish (wave B is underway doing a double zig zag). Despite this mess the odds suggest new highs (wave C) soon. Today's action appears wave B still underway but sometimes is better wait to see what happen.

P.S. My last chart still my primary count.

SPX intraday update (Part 1)

I prefer count this wave, since friday's lows, as an simple abc so it´s possible this wave B didn't finished. However this market still very hard to labbel the waves at short term.

Bohemian Bankruptcy - A tragedy by Drag Queen

Today I bring for my weekend's clip this excellent funny work that I saw at Bob Campbell blog (http://fibonacci-financial.blogspot.com/). It's another good EW's blog that you must visit.

SPX intraday update (Part 2)

Friday, November 27, 2009

This is my worst scenario. This count have several problems so I will not count as primary.

EUR/USD UPDATE

These are my two counts for this "mess".
We had a fast drop after a very small up move after my last update, and today we had a pullback that stop at 50% fibo.
Well, my primary count is in "blue", but we still are is this up channel, so for now i will keep the "green" one in sight.

SPX intraday update (Part 1)

If this count is corrected a complex abc occur and wave b (rose) already finished and the big picture still underway.

DAX intraday update (Part 1)

Seems the trend line support DAX and new highs will be made soon. Still don't see any signal of P3 beginning so this bull count and this bear count are my primary counts for the big picture.

SPX and DAX intraday update (Part 3 and 2)

Thursday, November 26, 2009

Extended wave v or wave iii underway.

DAX intraday update (Part 1)

Not sure degree of this waves but my bearish scenario is underway.

SPX intraday update (part 2)

SPX already made 5 waves down since yesterday highs.

SPX intraday update (Part 1)

Still hard to label these waves but now I'm sure wave B (forget wave iv) is underway on SPX. For this wave B i have two alternative counts. The first is a complex abc and the last a triangle.

SPX daily update

Wednesday, November 25, 2009

Choppy Choppy... zig zag, triangle, flat, zig zag... WTF!!!!!!! Possible bearish wedge underway but for now this is only a simple guess!

GBPUSD Update

Wave ii of iii with possible bat bearish formation underway.

EUR/USD

Hi!

My last count was wrong...obvious. I won't try to count micro-waves because everything is messy. For now it seems we can go a litle bit higher.

SPX intraday update (Part 1)

What a mess!!! Maybe still in a triangle or in bearish wedge! All waves looks corrective. Choppy Choppy...

SPX daily update

Usually I don't trust much in triangles but this pattern fits very well.

GBPUSD Update

Still waiting the end of wave ii of iii.

SPX intraday update (Part 1)

Tuesday, November 24, 2009

Possible triangle underway between 1085 and 1113 points.

SPX daily update

At short term still have some doubts how complete this puzzle. However my last intradays updates (Part 1 and Part 2) are still underway. In short term or we have an abc's sequential waves or new highs will bring a new impulsive wave to the up side. For the moment the war is doing between the 1085 and the 1114 points. The bulls have advantage but the bears may have some strength to show.

DAX daily update

Yesterday I showed my bearish count for DAX and left the bullish count in the oven. As the markets made a strong rebound I decide to show it. At this moment the markets are very choppy, showing alot corrective combinations (simple zigzags, double zigzags, irregular waves, flat waves, etc) make very hard labbel these waves.

GBPUSD update

Monday, November 23, 2009

As expected rebound begans on GBPUSD.

SPX intraday update (part 2)

Since today's highs SPX made an impulsive wave. For the short term I'm not sure about the degrees of these waves.

DAX intraday update (Part 1)

Until the last highs DAX made a flat wave (3-3-5) so despite my last update I expected new highs soon. Latter I will show my charts.

SPX intraday update (Part 1)

Until new signals I will considerate this downtrend dead.

DAX daily update

The waves aren't clear but at short term DAX showed some weakness signals. It's the P2 beginning at DAX? I don't think so. Only see some correction pattern despite waiting for a new lower low.

SPX daily update

Since the 1113 I can see in cfd's chart only one abc. For the moment it's possible a double zingzag once I count on another indices five waves down since last week highs (e.g. DAX).

Good Weekend

Saturday, November 21, 2009

Is raining... it's cold but is weekend. So enjoy it! Good weekend to all :).

GBPUSD update

Friday, November 20, 2009

Seems GBPUSD started mayor correction and first target for this new trend is the 1.56 as you can see in this chart.

SPX daily update

Today's action suprise me and now may primary count suggest wave b begans. Since beginning of wave "a" I had some problems to label some subwaves in cfd's charts. Despite this, cash charts are more clear and some indicators suggest this is mayor correction (wave b).
The beginning of this wave b complicate (again) the count but I like this cause fits very well with my big picture,

EUR/USD UPDATE

Thursday, November 19, 2009

As promisse in the morning here is the EUR/USD update.
This is my best count and as i belive we had a truncation at 1.505 i think we go down.

SPX daily update

After this day everthing still the same (see my last updates below) so I decide made some projections based on the "big picture" and find some interesting results. The principal conclusions are:

a) Since this wave Y began, all tops were done at 4-5 days with some distribution and at same range. So the odds suggest this wave "a" will finished between 1015-1025 at friday or next monday.

b) The range between sub wave "a" and "c" of each wave (blue) increased +-10 points. So the odds suggest the mayor top (P2 end) maybe will be at 116x'a points.

GBPUSD Update

This is a potential daytrade for GBPUSD based on harmonic patterns.
EDIT: Pattern invalidated.

Despite this my "big picture" (bearish) still the same.

SPX intraday update (Part 1)

Wednesday, November 18, 2009

Choppy choppy choppy... triangle.

SPX daily update

Tuesday, November 17, 2009

At short term my potential expanding triangle seems turn to a potential inverted H&S's. Meanwhile I change a little my count and now prefer considerate this last wave as the end of iii. So this wave "a" maybe will finished between 1120-1130. At same time I see potential gartley bullish at euro. So, for tomorrow, the odds suggest new highs at SPX. The big picture remains the same.

EUR/USD UPDATE

It seems like a 2º large H&S is in play. And a small one too (last 3 days)
I expect a drop during the night and a move up starting in the morning. That will correspond to a drop in the SPX and then a move up, maybe to new highs

SPX intraday update (Part 2)

Choppy session (typical wave iv) and hard label this waves. However, maybe this is the pattern of this wave iv.

SPX intraday update (Part 1)

Looks wave iv of v is underway.

Wheat update

Seems wheat is already on bull mode. I lost the train but I will continue control these patterns.

P.S. SPX update already done. You can see here :)!

XAGUSD UPDATE

Against everything and all XAGUSD continues to rise :( but now the waves were more cleary and the top maybe is underway.

GBPUSD Update

At short term seems GBPUSD is at wave C of ii. A double top is possible but at this area the bears maybe will wake up early.

If you are lost with my counts you can see here my last "big picture" updates.

EUR/USD UPDATE

Monday, November 16, 2009

Think today we finish ii of I, so tomorrow i expect a sharp fall of EUR

SPX daily update

Still don't know if this wave v already finished but is still possible another push to complete this wave "a".

SPX intraday update (Part 1)

As expected new highs were made. Now seems SPX is doing wave iii of v. I have some doubts if SPX is finishing wave "iii" or "a" but I will considerate this wave as "v" of "a".

If you are lost with my counts you can see here my last "big picture" and short term updates.

SPX daily update

Seems wave v of iii or v of A is underway.

DAX update

Friday, November 13, 2009

The DAX made a good retracement at 50 % Fibonacci. Now is testing the "pseudo" bearish wedge that broken last weeks.

SPX daily update

At short term the count still messy but since last highs all pattern belongs to a corrective pattern.

EUR/USD (2º part)

Thursday, November 12, 2009

So far so good.

SPX intraday update (Part 3)

Since last high SPX maybe is doing a triangle.

Subscribe to: Posts (Atom)

© Free Blogger Templates Nightingale by Ourblogtemplates.com 2008

Back to TOP