Daneric's Elliott Waves: Elliott Wave Update ~ 7 September 2012

Friday, September 7, 2012

Elliott Wave Update ~ 7 September 2012

Prices seem to be reaching toward the upper wedgeline. On the SPX this crosses about 1448 next week.

Squiggle count supports one more wave up:

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Wave Labeling

Wave labeling color code as follows (note - [brackets] used in lieu of circles for convenience sake) :

Grand Supercycle - BLUE - [I] [II] [III] [IV] [V] - [a] [b] [c]
Supercycle - GREEN - (I) (II) (III) (IV) (V) - (a) (b) (c)
Cycle - PINK - I II III IV V - a b c
Primary - BLACK - [1] [2] [3] [4] [5] - [A] [B] [C]
Intermediate - RED - (1) (2) (3) (4) (5) - (A) (B) (C)
Minor - BLUE - 1 2 3 4 5 - A B C
Minute - GREEN - [i] [ii][iii] [iv] [v] - [a] [b] [c]
Minuette - PINK - (i) (ii)(iii) (iv) (v) - (a) (b) (c)
Subminuette - BLACK - i ii iii iv v - a b c
Micro - RED - [1] [2] [3] [4] [5] - [A] [B] [C]
Submicro - BLUE - (1) (2) (3) (4) (5) - (A) (B) (C)
Miniscule - GREEN - 1 2 3 4 5 - A B C

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The content on this site is provided as information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author and are for entertainment purposes only. Any investment decision that results in losses or gains made based on any information on this site is not the responsibility of the author. The author may from time to time make statements about certain investment vehicles and strategies, but it is not to be taken as investment advice. Again, it is just the author expressing his opinion only.

Daneric's Elliott Waves

Friday, September 7, 2012

Elliott Wave Update ~ 7 September 2012

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