Elliott Wave Update 30 March 2016

Prices are coming up on an important downtrend line.

As long as prices do not make a new all-time high, either the count above or the one shown below seems acceptable. The next few weeks will help flush one or the other out.

Elliott Wave Update 29 March 2016

If the blue downtrend line cannot hold as resistance, likely the market is heading higher in our top ALT count.

Elliott Wave Update 28 March 2016

Elliott Wave Update 24 March 2016

Going to assume the Wilshire needs to go higher to met the downtrend line.

Weekly view

Elliott Wave Update 23 March 2016

The squiggle count allows for another stab upwards for wave completion.

Elliott Wave Update 22 March 2016

Elliott Wave Update 21 March 2016

Elliott Wave Update 18 March 2016

I wasn't able to post last night due to overnight cable and internet outage (ughh). But Wednesday's count seems to be working out.

GDOW has filled its gap down

Gold

Elliott Wave Update 16 March 2016

I guess the best count is that we are headed for the open gap down in an extended wave v of (c) of [ii] of 3 down. This makes sense because waves i and iii of (c) were about equal.

Another view. Nothing is easy in this market. Not quite 61.8% retrace of the total decline. But we have been predicting a sharp rally since identifying the low in February.

You can see the GDOW is also challenging its big gap down.

Elliott Wave Update 15 March 2016

Elliott Wave Update ~ 14 March 2016

Elliott Wave Update 11 March 2016

Elliott Wave Update 9 March 2016

Or:

Elliott Wave Update 8 March 2016

Elliott Wave Update 7 March 2016

Elliott Wave Update 4 March 2016

A few weeks ago, we pretty much nailed the intermediate low.

The main problem with the bearish count is that the market has rebounded very strongly with a near breath thrust event.

Elliott Wave Update 3 March 2016

Elliott Wave Update ~ 2 March 2016