S&P 500 - pivot — S&P 500 is at a short-term pivot day in this middle of the week, it could break up or down for valid reasons, so you may want to consider letting the market show the breakout. Will the market be relieved or fearful on ...

Wall Street close watch

CAD — This may be the current CAD wave count for the retracement. The diagonal triangle C in IV makes sense, the 3 wave movements are clear in places, nothing looks like an impulse. It would be terminal, and followed by a rocket north when it ...

Elliott Wave Trading

CAD - ALT count — Just wondering, if USD just had a week of correction in 3 waves, and it is anticipated that USD will gain strength Thursday after the GBP and EUR 50 bp rate cuts. Plus the after election boost. Then how do we explain CAD ...

Elliott Wave Trading

Euro count — Will we see Euro drop? Or stall until after the election? image

Elliott Wave Trading

First Year Stock Crashes - 2008 Sets Record for Worst — Time will tell, but so far there are aspects of this Global crisis and the mistakes in handling it by bailouts, that make this recession have more downside potential then 1930s. Below is ...

Another Great depression?

Fibo — OK, thanks, I see where you are coming from now. I also use Fibo expansion - it is amazing how accurate (or inconclusive) it can be sometimes), but use top-bottom-1, bottom-top-2, to see where there is confluence. I rely more on wave ...

Oil Trades and outlook

Elliott Rules are there for a reason — I agree. Glen Neely covers this in his book, when he argues that EW using candles is not as accurate as using averaging data points. For most of us, this can be easily accomplished by using the 'line' ...

Elliott Wave Trading

Hi Albertini, Can you tell me more about your forecast for $42? Suggestion, try log scale when charting 10 years of data that has gone up by more than 10 fold in price. Linear distorts the changes in percent. Also, your trend line will be straight ...

Oil Trades and outlook

Oil market — Hi Sam, welcome. Are you trading oil?

Oil Trades and outlook

contracting triangles cannot be a wave 2 — Elliott said contracting triangles cannot be a wave 2. It can be a wave 4. Or, inside a complex correction, in the B wave or as a C wave.

Elliott Wave Trading

TF — That was a 1 minute bar chart = shrunk down to micro view, for maximum data ticks within proper proportion. I only use it for fine tuning an entry, and in this instance; to determine wave counts. I wanted to see if I could count a 5 or 3 ...

Oil Trades and outlook

Credit Spreads as a leader for S&P — This is to answer a question about widening spreads, not just TED but also long bonds vs corporate paper. This has been a key factor to follow for the past year, as it leads stocks lower. In terms of ...

Wall Street close watch

JPY — Updated outlook, it seems YEN is waiting for the interest rate announcement tonight, the result should be a move down on USD/JPY. image

Elliott Wave Trading

Oil — Oil, making a 5 wave move lower in a tiny 1st wave of 5 more down. It is clearly an impulse wave, and will be proven when it drops below wave III at $64.03 A break of the lower wave iv trend line is a good entry point, short. (Marked by ...

Oil Trades and outlook

Lets talk oil trading — Keep it up MusicMan. 1) Do you have any charts you can post? 2) Is it Brent you are trading? My NyMEX Crude Light did not set a new low today, but that is interesting your did, perhaps a trend setter this morning. 3) ...

Oil Trades and outlook

eur/usd — EUR completed a diagonal triangle V - as expected, and rocketed up in a wave 1 or A to near 1.2992 Below is today's chart with potential C wave short entry now. Looking for yesterdays chart to show the nice entry 1.2460, before this ...

Elliott Wave Trading

USD JPY Oct 29 — Here is my YEN chart for this morning. My count is a wave IV was completed, and we have begun i and ii down in V. The short entries are at 98.30 for aggressive, and 95.97 for conservative traders. image

Elliott Wave Trading

S&P 500 CHart — Here is last night S&P chart plan, calling for a rally to complete wave C of a triangle, that should complete on Nov 4th when election uncertainty is decided, then drop in wave V of 3. S&P 500 updates plus Oil charts at: ...

Trading Futures

DOW under 8000 soon — Thank you, my magical friend. Be patient with your stock buying, keep your money close during deflation - it grows in value. Look at Japan, 39,000 in 1989 and 7,200 today nearly 20 years later. It is largely a ...

Wall Street close watch

Gold labels — Labels for gold chart, where A-B-C is combined to make a larger cycle W, X, Y and possibly Z. X wave can repeat, the A-B-C's keep going in the same direction down. image

Elliott Wave Trading