Elliott Market Waves

SPX daily update

Tuesday, October 27, 2009

As I sayed in my last update if SPX made new lows the bulls are in trouble. Therefore today i decided publish my alternative count.

RIP CURL PRO SEARCH - Peniche - PORTUGAL

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Great waves last week in Peniche. Expect surfing like these guys in P3 wave :).

SPX intraday update (Part 2)

Possible triangle underway so maybe is missing another lower low. If this occurs the bulls are in trouble.

SPX intraday update (Part 1)

Sill

Still seems everthing as zigzags so my primary count is the bull case. I made also some considerations in my last chart.

EDIT: Is missing wave c in my chart. No time to correct it.

Wheat uptade

Today wheat suprise me and made cleary 5 waves down. So this correction for now is not over.

DAX daily update

Until now the waves looks more corrective than impulsive but tomorrow we need some bull reaction.

SPX daily update

Monday, October 26, 2009

Not sure if this correction finished but seems tomorrow will be an

interesting day :).

Wheat update

Correction time. For now seems abc is completed but I will wait for this confirmation and enter again long.

P.S: This chart is for my friend Warrant :).