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Thursday, November 15, 2018

Elliott Wave Update ~ 15 November 2018


Thursday, November 8, 2018

Elliott Wave Update ~ 8 November 2018

A little more squiggles for Minute [ii]


Friday, November 2, 2018

Elliott Wave Update ~ 2 November 2018

Probably the best count for now.

Wednesday, October 24, 2018

Elliott Wave Update ~ 24 October 2018

As was noted yesterday, the overhead resistance proved pivotal and was a bearish sign.
Overthrow and now solidly back under.
The GDOW is a very bearish pattern - overlapping waves - since 2009 no matter how you try and count it. 
The count below is ultimately the most bearish. Overlapping waves for 9 years in an impulse-type count (5 waves) predicts a swift price collapse back to at least where it started.


Tuesday, October 23, 2018

Elliott Wave Update ~ 23 October 2108

We got that lower low. Overall count? We'll have to see how things shake out. But the market did get rejected at overhead resistance (red line). That's bearish.
No matter the short term gyrations, this chart is a gloomy one that has every wave accounted for.
Gold hanging in there.


Tuesday, October 16, 2018

Elliott Wave Update ~ 16 October 2018

Back to former support line.

Monday, October 15, 2018

Elliott Wave Update ~ 15 October 2018

Looking for the completion of the first impulse 5 wave structure down.

Thursday, October 11, 2018

Elliott Wave Update ~ 11 October 2018

Gold has some movement
Oil
Been a while since there was true panic. 
The FED can't keep up with the market. They'll raise rates again. The market always leads and the FED follows. 
This is kinda my take on the dollar. 
Could October 2018 be the biggest down monthly candle ever? Its only the 11th.
Log scale:







Wednesday, October 10, 2018

Elliott Wave Update ~ 10 October 2018

As I stated 2 updates ago, there was enough waves in place to justify the top was in. Key support levels given for a trend change and today those levels were solidly closed under. What took prices almost 3 months to claw ever upward was lost in only a matter of a few weeks. Such is the viciousness of a bear wave.
The weekly has the overall count. Prices fell back beneath the overthrow upper channel line.

Wednesday, October 3, 2018

Elliott Wave Update ~ 3 October 2018

It feels like a complex wave [iv] is tracing out before the final push.

Wednesday, September 26, 2018

Elliott Wave Update ~ 26 September 2018

Again, there are enough waves in place to justify the count.  There are a few key levels to watch. The red line represents a trend change if prices fall that far. The yellow line represents where we can expect the alternate [iv] prices to approximately level out at.


Thursday, September 20, 2018

Elliott Wave Update ~ 20 September 2018

We are once again at a spot where there are enough subwaves in place to justify the count.
Weekly. Will prices run to the upper line? And this is log scale.

Monday, September 17, 2018

Elliott Wave Update ~ 17 September 2018

So far things are tracking the count we presented last Wednesday. Look for a panic day perhaps.

Wednesday, September 12, 2018

Elliott Wave Update ~ 12 September 2018

From an Elliott Wave rule and guideline perspective, the below count is the best at the moment. We have a nice Minor 4 contracting triangle. We have wave form alternation between subwaves (ii) of [iii] and (iv) of [iii] and between [ii] and [iv]. And the count has no overlap violations.
Updating the gold chart, Elliott Wave International (click on my links to left!) tonight showed a chart of record bearish bets against gold rising. This is a bullish contrarian signal and fits the overall count very well. I still am projecting Gold to go back to the blue box virgin area in price.
I'll show you a snippet of their chart...I'm sure they don't mind. Visit their website through my links and become a FREE EWI member (I get a small commission if you do)


Friday, September 7, 2018

Elliott Wave Update ~ 7 September 2018

Probably the best count because wave (iv) of [iii] does not overlap (i) of [iii].

Tuesday, September 4, 2018

Elliott Wave Update ~ 4 September 2018

Probably the best count at the moment

Wednesday, August 29, 2018

Elliott Wave Update ~ 29 August 2018

I have no strong opinion on the short term wave count. We have been predicting a new all-time high and it has occurred. Just keep labeling them as they come. It does appear overall to be a final push but how long that lasts is a guess. November elections?  Just after Labor Day instead when volume comes back?
Touching overbought territory again on weekly. If we get a surge to the upper trendline its might be a blowoff top.


Tuesday, August 21, 2018

Elliott Wave Update ~ 21 August 2018

There are enough waves in place at this moment.

Friday, August 10, 2018

Monday, August 6, 2018

Elliott Wave Update ~ 6 August 2018

By no means the perfect count, but that's about where we seem to be

Wednesday, August 1, 2018

Elliott Wave Update ~ 1 August 2018

Dog days of late summer are upon us.