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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.

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

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!