Fist of all, I'd like to wish all my readers who celebrate Thanksgiving a happy and safe holiday. The market continues to unfold in a choppy...
Last time I left the readership with the thought that the market is working a minor degree w. developing in either a flat or triangle corrective...
Here's the market's position as of the close on 11/19/2010. Momentum: Weekly is OB and has turned down. Daily is bullish but not OB. 60 min....
Turning my attention to the 60 min. chart levels, I've shown the charts for flat and triangle interpretation. Until I see how the pattern is...
ES_F Forecast: At the daily chart level, I'm still working a w.4 retracement whereas the wave pattern should unfold in either a flat...
PART 1 of 4 Announcements: Due to the Thanksgiving holiday, there will not be a week in review published for 11/22- 11/26. The Week In...
Today was certainly a snoozer... that is until 2:50 est. As most of you know from my Twitter posts, identifying the current wave count on lower...
Finally, at the 60 min. chart level I've labeled the wave structure as well as included the corrective price channel. As long as price remains...
I've added another daily chart showing an indicator that Jeff Kennedy of EWI developed. Note what transpires as the black MOAD line drops below...
Selling pressure continued today even though traders tried to buy the market at the open. The decline from the highs does not appear to be...
Under Scenario #3: the current wave pattern would unfold in a triangle fourth wave. The current rally whether complete or not should result in a...
Under Scenario #2: the current rally is viewed as minor w. B of Intermediate w. (B) is unfolding as an expanded flat correction whereas w. B...
QE2 vs Elliott Wave Theory. Which One Wins Out In this weeks review I want to spend some time looking at the bigger picture and other possible...
On Monday I stated that price action either began a complex w.iv decline or it ended at the 1214.75 low. Yesterday a new high was struck that...
One thing that clear is that the FED has manipulated the market again much like it did in late 2002 and 2003. The thought process is clear....
The market made little progress in either direction today. This was expected as the wave pattern suggested that last Friday's close was a mature...
The wave structure is now exhibiting a new personality . One that no longer allows me to maintain a stance of looking immediately lower in a big...
From Monday's post, the wave structure called for a new recovery high. The combination of several somewhat positive economic reports, the election...
Not much has changed from what I posted in my week in review. I still am expecting volatility and a new high. A break below 1167.75 would negate...
Happy Halloween. While everyone is trick or treating tonight, Wall Street might be celebrating the holiday twice this coming week. One for the...
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