Gender
Male
"Thanks ... as always when I post something I see the opposite happens! If I had seen that setup during the day I would have shorted it. As it happens it occured right at the close and things can change overnight."
The Dow action today looks very much like a dead cat bounce to me finishing with an ending diagonal (don't shoot me I'm an Eliottician!) Add to that the CCI divergence and you've got a recipe for a big sell off tomorrow.
We've seen a sharp rally on the Dow last few days with hardly any pullbacks. Ask any Elliotician and they'll tell you this is a typical wave 3 where price moves relentlessly upwards defying all overbought indicators.At some point though the rally…
We finally broke out of the downward channel that has been there since the start of May. It looks like it was a double zigzag correction now hence the ABC X ABC labelling - a day or two ago there was the possibilty of a triple correction forming but…
From an Elliott Wave perspective there are two possible scenarios on the cards right now. The most likely IMO is that we have had a double zig zag correction (marked in red) so we have seen ABCXABC and now we have wave 1 up, wave 2 correction…
Some violent moves today thanks to the aftermath of Bernankes speech yesterday then the Greek bail out anouncement this afternoon.As I mentioned in last nights post, this correction could turn into a triple zig zag and that is what I think is…
"Uncle Ben up to his old antics ............"
Last 2 days we have reached the top of the downward channel that commenced at the start of May so some resistance was expected.So far it looks like we have had a double zigzag correction hence the ABC X ABC labelling. It is of course possible and…
In Elliott Wave terms we seem to have had a completed 5 wave sell off finishing with an expanding diagonal (or triangle) This would imply the selling is now over and a major rally starts here. I happened to look at LSE:BARC yesterday and noticed…
We seem to have have an expanding triangle on the Dow as it moves lower. The bottom line has moved south slightly past few days and I counted 7 touches to that bottom line today on a 1 minute chart. The EW count seems to suggest we've had a 5 wave…
Well we didn't get the rally I was expecting on Friday but I still believe we are near the bottom with a big rally around the corner. Nasdaq futs seem to be in an extending wave 5 down. Once this sell off ends we should see a correction and up we…
"wow really interesting, thanks :)"
A quick update .... From our EW analysis we've been expecting a bottom to form on the Dow followed by a major rally. The action today certainly looks like an impulsive wave 1 up. The sell off at the end of the day looks like a wave 2 correction…
Comment Wall
You need to be a member of inter-market-analysis.com to add comments!
Comments are closed.
Comments
Good day,
I picked interest on you after going through your short profile and demand it necessary to write you immediately. I have something very vital to disclose to you, but I found it difficult to express myself here, since it's a public site.Could you please get back to me on (augustinaziankou@vp.pl) for the full details.
Have a nice day.
Mr. Augustin.