Elliott Market Waves

Thursday, January 14, 2010

Two options to considerate. Bearish count is P2 already began and the first leg was made by leading diagonal (I have doubts in this count).

SPX daily update

Sorry guys, for now I just have time to show a quick chart (following my last comments).

Wednesday, January 13, 2010

As promised this afternoon the bullish count for SPX is here. Above 1142 this count will turn my primary count. See you tomorrow :)!

In my last update I sayed GBPUSD were doing a double zig zag. After one month seems the double zig zag already finished. As I expected at least one simple abc (in big picture) it's possible another zig zag for the downside. At short term this looks more a corrective pattern so I may will change the big picture very soon and turn it more bullish.

EUR/USD

Tuesday, January 12, 2010

Well, the length of this wave that started late 2009 doesn't fill like a micro (iv). For that reason my last option in last update is now my 1º option.

Good luck

SPX intraday update (Part 1)

My primary count (P2 ending) is still alive but is to early to have sure about it. At short time we have some different options in this structure but these (two) are my favourites. The SPX need a good sell off to give more confidence to the bears. This possible sell off may will confirme the irregular wave ii or b.

These days were very hard to me but latter I will try show my alternative (bull) count.

SPX daily update

Monday, January 11, 2010

This is my primary count if the ending diagonal will not resume in these days. Triple zig zag and possible end of this rally at March and at 61 % retracement.