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Wednesday, March 4, 2015

Elliott Wave Update ~ 4 March 2015

Tuesday, March 3, 2015

Elliott Wave Update ~ 3 March 2015

Updated the GDOW chart to align the count with the Wilshiire/SPX.

Actually, the long term GDOW probably gives the best count over the last 15 years. Its probably the best proof that world social mood (collective as a whole) probably topped in late 2007.  The wave since the 2009 low best counts as a "three" wave structure which makes it corrective.  That implies that price may be near 2007 levels, but mood is not. Its in a "corrective" phase. It is elevated, but cycle wave c down will wipe it all out.

Wednesday, February 25, 2015

Tuesday, February 24, 2015

Elliott Wave Update ~ 24 February 2015

After many weeks and months trying to find a decent count, I feel this one is rock solid. Its my best count by far that I can come up with and obeys the most Elliott Wave guidelines and rules.  I always liked to use the Wilshire 5000 for overall counts because I still think it gives the best wave counts.

I added some more subwave symbols. Also note where the "virgin" wave space blue box is located. Just where we'd expect it in the middle of the third wave.

Whats important is that this can help project our next major turn. And it appears that turn shouldn't be too far long off. RED (5) needs to finish out.
Now that we have a viable count, lets see where we might be at in the last Intermediate (5) subcount. Remember I know wave (5) looks "small" however look again at the chart above.  It is appropriately sized compared to its sister wave RED (1) at the beginning.

Bottom line it does not appear the last Intermediate wave (5) has yet completed so must again be patient.

Monday, February 23, 2015

Elliott Wave Update ~ 23 February 2015

I like this count a lot. Trying to make sense of the last several months. The good thing is that red (1) was not that big. Red (5) shouldn't be either.

A lot of nice symmetry here.