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Friday, May 29, 2015

Elliott Wave Update ~ 29 May 2015

Updating our squiggle counts

Thursday, May 28, 2015

Elliott Wave Update ~ 28 May 2015

The count is still working out well for us at the moment.
Potential squiggle chart updated.

Wednesday, May 27, 2015

Elliott Wave Update ~ 27 May 2015

Count is still on track for a final high.
Potential squiggles

Tuesday, May 26, 2015

Elliott Wave Update ~ 26 May 2015

Wave 5 seems to short in time compared to wave 1 and 3 of the proposed ending diagonal.  So we'll assume that wave [b] pullback occurred today. Therefore wave [c] of 5 would take the markets to again new highs.

Squiggle count of the final wave:
Technically though things are damaged.
Channel lines.
GDOW



Wednesday, May 20, 2015

Elliott Wave Update ~ 20 May 2015

Things are getting interesting. The Wilshire count made a new high today finally fulfilling the minimum for our ending diagonal triangle count.
NYAD negative divergence still intact
GDOW

Tuesday, May 19, 2015

Elliott Wave Update ~ 19 May 2015

The Wilshire count below came within 7 points of achieving a new intraday high. So based on the count, we must assume that the high will be achieved. An upper trendline hit would be perfect.
This is a pretty decent setup for a good short bet. Because if the Ending Diagonal triangle wedge count is correct, prices should collapse swiftly to beneath red Intermediate wave (4) start point pivot upon completion of the ending diagonal. The price pivot for red (4) is 19,160
Its official: a negative divergence situation on the NYSE advance/decline cumulative ratio line. That technical tidbit supports the ending diagonal triangle count.
US dollar. Nice spike upward.
Yes I do think all the lower channel trendlines will be smashed through eventually. 

Monday, May 18, 2015

Elliott Wave Update ~ 18 May 2015

My mother is recovering. Thanks for all the prayers!

Friday, May 15, 2015

Elliott Wave Update ~ 15 May 2015

A new high is required to complete this count
A prayer for my mother who is hospitalized with a bad sepsis infection (she is 79) and my oldest brother who was diagnosed with a bad cancer that has likely spread.


Wednesday, May 13, 2015

Elliott Wave Update ~ 13 May 2015

Triangles and ending diagonal triangles always try to hide their hands.  A careful count however can aid things.

Its still entirely possible the whole mess since last year counts as a massive ending diagonal triangle.  Ending triangles are labeled internally [a]-[b]-[c] - (using Minuette degree for my explanation because the chart below is labeled as Minuette degree for the internal structures).

Ending Diagonal Triangles represents the market's inability to continue producing clean 5 wave impulse patterns up.  The loss of momentum gets sluggish at the top is the theory. There is still overall five waves for the ending diagonal triangle however, waves 1,3, and 5 internally will be labeled 5-3-5, [a]-[b]-[c] zigzags. The correction waves 2 and 4 should also be labeled 5-3-5, [a]-[b]-[c] zizgags.

This chart below is labeled in accordance with the guidelines described above.
If the chart above is correct in its assumption, we have a pretty good idea that Minor (blue) wave 3 has topped. The remaining clues are to define the exact spot of Minor (blue) wave 4 low, Minor 4 may have already occurred however we have to allow more leeway.  Once we can nail wave 4, its merely a matter of counting the final [a]-[b]-[c] Minor 5 to the expected top of the pattern.

Overall the Wilshire might count like this:
We shall have an answer in the coming days and weeks ahead.

Tuesday, May 12, 2015

Elliott Wave Update ~ 12 May 2015

Not yet an official negative divergence, but showing a loss of momentum.
Big thrust on 30 year yields also.
Oil:
Neat trendlines
Gold has a long running positive divergence. Primary wave [B] will take some time to unfold.
Dollar with the expected pullback. 





Monday, May 11, 2015

Elliott Wave Update ~ 11 May 2015

Probably the best count at the moment:
However this count has not yet been ruled out:

Backtest?


We are likely getting near the top. Check out this. How many mouths can be fed with $179 million? Its obscene.

Friday, May 8, 2015

Elliott Wave Update ~ 8 May 2015

Today's strong push up likely means the ending diagonal count we have been showing is not correct.

The best count is probably something like this:

Thursday, May 7, 2015

Monday, May 4, 2015

Elliott Wave Update ~ 4 May 2015

Another possible count: