Elliott Market Waves

Wednesday, September 15, 2010

The truncation is dead, Filipe's happy ;))

Mr Market is keeping it hard to count, so today i have no count just this thought

Good luck

Tuesday, September 14, 2010

Following last night update...we just hit the neck line, now it must hold
Look's like a never ending story...
last move up seems a 5 wave up, so it may finished truncated...time will tell

Good luckl

Monday, September 13, 2010

Since this move up doesn't look like a micro II, so i had to change my long term count. I changed this last move to a C of 2

So this is my count for the moment. We still are in the field of a false inverted H&S.

Good luck

SPX - update

Thursday, September 9, 2010

Filipe's on hollidays...again...grrr
I think this is the way he's counting this move
And this is the way i'm counting. We can still have one more push up but that should be it.
There are a lot of possibles H&S and inverse ones, in hourly and daily bases, someone has to give up.
EUR/USD is pointing down, so i'll keep my count as a primary one

Good luck

EUR/USD

Tuesday, September 7, 2010

today's action make me belive we are ready for the big fall. We may get a little rebound till tomorrow, but then this market should bring reality to us.
Today we were able to know that several banks in europe just "forgot" to mention 70% of the debt from south countrys when they were subject to the stress test... LOL... for those who belives this test were serious...

In Portugal we just thanks that ECB will keep lending us till 2011. We and the spanish, and the irish, and the greeks, and...
We know that if there's no ECB we just were in default, so i think: is there fundamental's that suport a big move down in EUR? I say: are you serious?

Good Luck

SPX daily update

Monday, September 6, 2010

After 3 days of rally I expect some "small" retrace at 108x's-109x's area. However the bears must be cautions cause, at short term (at least), maybe the trend just began now!

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SPX daily update - Big Picture

Friday, September 3, 2010

After yesterday rally and following my last chart, decided to take some time to look at the big picture. To get serious at the bearish case (moguita's count) it's need some strong sell off very soon and the 107x's must be broken very hard! For now this is just a dream so my primary and alternative counts favour the bull case.

If you believe the bear case, Moguita send me his last chart (nothing changed since his last update).

SPX - by moguita

Wednesday, September 1, 2010

Ok, last run up doen's fit in last update. So we must change to an alternative count.
This one is my prefered (for now) since in DAX we can count a perfect 12345 from top.
Now, for this count to be correct we can go a litle litle litle bit up and then fall hard

PS: had no chance to talk to Filipe today and don't know what he thinks about this

Good luck