Custom Search

Thursday, October 24, 2013

Elliott Wave Update ~ 24 October 2013

No clear squiggle count has emerged. The general thesis is that Minor wave 5 is playing out.

An updated SPXweekly. I have been told another Zweig Breadth Thrust has fired but I cannot confirm that as I do not have access to my Think or Swim software for the next couple of weeks.  (Hence no E-mini threads)
Investor's Intelligence Bull ratio has been never been below 55 % for over 2 full years. Its currently back at 73%. The AAII ratio is a whopping 73%.

And everyone hates the dollar again despite it being well above its all time low in 2008.  Via Sentiment Trader: 

blog comments powered by Disqus