Elliott Market Waves

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).

Saturday, November 21, 2009

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

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.

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,