A Fourth Wave Triangle (Jan 7, 2016) Here’s a big picture look at what seems to be at play for the US equities. Based on current wave structure, it’s the only pattern that fits what Mr. Elliott’s waves are telling us. With this triangle, you’d expect waves in 3. The recent challenge has been the bearish nature… Read more
Market Forecast Overview
Year End Video – December 31, 2015 httpv://www.youtube.com/watch?v=YMf89Q1wLeM Make sure you zoom the video to full size with frame expander (arrows) in the bottom right hand corner and also set the quality to as high as your web connection allows. This is an HD quality video so the best viewing is at that level. _______________________________… Read more
Update Wednesday Noon, EST I’ve brought the triangle to the of the options (there aren’t many left). Above is the one hour chart of the SP500. I’ve updated the potential triangle from yesterday. It’s a guess at this point and will require another day (at least) to confirm. It’s relatively common to a have a… Read more
Update Dec 18 1PM EST My argument for a truncation This is the 3 minute chart of the SP500. (updated as at 1:30PM EST) Truncations are extremely rare but I’m leaning more to that possibility after looking at the cash indices today. It’s a major turn date and we have a very motive wave up… Read more
Update: Wednesday, Dec 9, 3:30PM EST Bottom line: We’re in the final pattern of this very large corrective flat that started on Aug 24. It’s a fourth wave triangle and today marked the bottom of the C wave. We have two more legs of the triangle left and then the final wave up to complete the… Read more
Update, Thursday, December 3, After the Bell Here’s a quick look at the SP500 (30 minute chart). You can see it’s tracing out a large fourth wave triangle. All the waves so far are in 3 and the remaining waves should be also. The final wave up may either go to the previous high or may go up… Read more
Update Thursday, Nov 19 After the Bell We have kind of an interesting situation here. This is a chart of the SP500 (10 min) at the end fo the day. It shows the path to the top. I have labelled it based upon the most obvious wave count (there’s another way to label this). There… Read more
Update November 18 Before the Bell Not much has changed in my count. ES (emini futures) has broken a cardinal EW rule in that the fourth wave has wandered into the area of the first wave by about 1.5 points. Overnight EUR/USD reversed in a big way and USD/JPY has not (not sure if it’s… Read more
The Bigger Picture Bob Prechter and Pete Kendall wrote an article for Barron’s in 2004, in which they forecast the eventual alignment of all markets based upon liquidity. Here’s some more background on that. This is today’s theme. I’ve been watching the equities and currencies move closer and closer into alignment over the past year… Read more
Update: Approx 11:20 EST, November 13 The larger, previous fourth wave is at about 2017 SP500 so I suspect that’s where we’re headed. Or close by. _______________________ Update End of Day, November 12 What might be playing out is a leading diagonal, which would mean we’d next want to see a second wave which would retrace at… Read more
