If the wedge is finished, prices should collapse here soon and quickly beneath the lower trendline.
Tuesday, March 31, 2015
Monday, March 30, 2015
Friday, March 27, 2015
Wednesday, March 25, 2015
Elliott Wave Update ~ 25 March 2015
The upper wedgeline has at least 7 touchpoints. The lower now has at least 4. The entire affair is a overlapping mess within. That makes it a likely valid pattern - and a potentially deadly bearish one at that.
Its not important at this moment to try and dial in an exact EW count.
However, we do have some valid counts out there. One possibility:
Its not important at this moment to try and dial in an exact EW count.
However, we do have some valid counts out there. One possibility:
Tuesday, March 24, 2015
Monday, March 23, 2015
Elliott Wave Update ~ 23 March 2015
I the upper wedgeline is met again or even "overthrown", it would likely be a promising technical position to short the market at the top of wedge pattern.
Rumblings in the 6 month yield count.
OilFriday, March 20, 2015
Wednesday, March 18, 2015
Tuesday, March 17, 2015
Monday, March 16, 2015
Friday, March 13, 2015
Thursday, March 12, 2015
Wednesday, March 11, 2015
Elliott Wave Update ~ 11 March 2015
Decline looks impulsive down.
GDOW count as it stands at the moment. Soon er or later it will all work itself out one way or another.
USD showing the inverted head and shoulder target. Lets see if it can make it before a big correction.
GDOW count as it stands at the moment. Soon er or later it will all work itself out one way or another.
USD showing the inverted head and shoulder target. Lets see if it can make it before a big correction.
Tuesday, March 10, 2015
Monday, March 9, 2015
Friday, March 6, 2015
Elliott Wave Update ~ 6 March 2015
The wave structure counts as possibly completed.
Nice channel lines.
Dollar breakout has really surged.
Oil. The count has it consolidating sideways in a wave 4. Then eventually wave 5 would take it lower.Wednesday, March 4, 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.
Monday, March 2, 2015
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