Category: Elliott Wave Theory
The analysis published under this category are as follows.
Thursday, October 22, 2009
Earnings: Is That REALLY What's Driving The DJIA Higher? / Stock-Markets / Elliott Wave Theory
By: EWI
The idea of earnings driving the broad stock market is a myth.
Vadim Pokhlebkin writes: It's corporate earnings season again, and everywhere you turn, analysts talk about the influence of earnings on the broad stock market:
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Sunday, October 11, 2009
Q&A With Robert Prechter: Why Technical Analysis Beats Out Fundamental Analysis / InvestorEducation / Elliott Wave Theory
By: EWI
As the major stock markets turned down in late 2007 and then started to rally in March 2009, many people who believed in fundamental analysis have begun to question its validity.
Monday, October 05, 2009
Q&A With Robert Prechter: Why Technical Analysis Beats Out Fundamental Analysis / InvestorEducation / Elliott Wave Theory
By: EWI
As the major stock markets turned down in late 2007 and then started to rally in March 2009, many people who believed in fundamental analysis have begun to question its validity.
Monday, August 24, 2009
Why Elliott Wave Counters Can't Stop the Stocks Bull Market / Stock-Markets / Elliott Wave Theory
By: Michael_Swanson
Before I get into what we need to think about this week for the stock market I want you to go back to last weekend and imagine what you heard people saying on television about the stock market. Did you hear negative talk or positive talk?
What I heard was a lot of people talking about a big correction coming. People saying the economy is going to continue to slide, the stock market has gone up too much, and even some Elliott Wavers calling for a Fall stock market crash.
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Monday, August 17, 2009
Djia 12000 And The Most Sought After Pullback / Stock-Markets / Elliott Wave Theory
By: Eric_Chevrette
If I ever were to start this article telling you that the innovative concepts of Elliott Wave synchronicity are about to turn the aging Elliott Wave Principle away from art towards science, you may just decide to quit and click away to read from a more reasonable author, so I’ll just start with a quiet view from standard TA about the famous DJIA index.
Saturday, July 11, 2009
Top 10 Elliott Wave Theory Investing, Trading and Analysis Resources Special / Stock-Markets / Elliott Wave Theory
By: Newsletter
The worlds foremost elliott wave theory based forecasting firm, Elliott Wave International (EWI) has made available their key reports, ebook's and analysis of the financial markets and economy for FREE to our readership, this special report lists the key must read resources in the order of importance. ALL of the resources can be accessed freely on registering only ONE email address with EWI.
Friday, July 03, 2009
Elliott Wave International Financial Forecasting Service Discount Offer / Stock-Markets / Elliott Wave Theory
By: EWI
Greetings,
Have you heard the news …
"Wall Street Returns to Health," a mainstream media website declared last week.
Read full article... Read full article...
Thursday, July 02, 2009
The DJIA Stock Market Index, Chess and the Idiotic Robots / Stock-Markets / Elliott Wave Theory
By: Eric_Chevrette
Though chess does stand second to the DJIA in the title of the present article, let’s start with some thoughts about chess; after all, as it has now become a known fact, there is chaos in order, so the first place of the DJIA in the current title shouldn’t mean at all that it would be more important than chess with regards to the “idiotic robots”.
Thursday, May 28, 2009
Crude Oil and the US Dollar Elliott Wave Analysis / Commodities / Elliott Wave Theory
By: Dan_Stinson
The USD is in wave b down, currently in wave 5 of (C). We should see further downside before a strong rally in wave c up. Crude is in wave b up, currently in wave 5 of (C). Crude is an excellent example of a bear market correction, since we would want to see at least 3 waves (an abc) complete from the peak. If you are not familiar with Elliott Wave, you can examine the completed decline on any chart that has had a parabolic advance in a so called bubble. The decline completes as 3 waves, with wave b up, as the bear market rally. This rally also coincides with the other markets.
Friday, March 06, 2009
Nasdaq Stock Market 21 Year Elliott Wave Pattern Forecast / Stock-Markets / Elliott Wave Theory
By: Joseph_Russo
Desperately Seeking Stability - At the worst of the two-year dot.com bust, the NASDAQ registered a 78% peak to trough decline. In the following five-years spanning 2002-2007, though the market came nowhere near reclaiming its former value, it nonetheless posted a 158% five-year trough to peak bull market return. Read full article... Read full article...
Friday, February 27, 2009
Robert Pretcher's Greatest Trade Ever! Stocks Bear Market Could See Spike Higher / Stock-Markets / Elliott Wave Theory
By: Nadeem_Walayat
With the Dow trading some 50 points lower today at 7120, earlier in the week, the 30 year veteran technical analyst, Robert Prechter announced both in his Elliott Wave Theorist newsletter and publicly on Bloomberg TV that he was covering his stocks bear market short position call that he recommended to subscribers over 18 months ago when the Dow was trading at 13,900. Read full article... Read full article...
Thursday, January 22, 2009
Stock Market 2009 Elliott Wave Count Analysis / Stock-Markets / Elliott Wave Theory
By: David_Petch
The short-term Elliott Wave count of the S&P 500 Index is shown below, with the preferred count shown in colour and the alternate count shown in grey. For the preferred count to be correct, wave [b] of a triangle MUST be forming at present, and follow through to wave [e] for completion to form wave XX before starting wave Z…this pattern represents a triple combination that would allow the broad stock markets to rise into mid March/early April 2009. Read full article... Read full article...
Saturday, January 10, 2009
Stock Market Mega-trend Super-cycle Wave IV / Stock-Markets / Elliott Wave Theory
By: Joseph_Russo
Working out the largest of Big-Picture Visions - The equity price-chart below is a compilation of data points starting with the British All shares Index (1693-1853), the Clement Burgess Index (1854-1895), and then spliced using ratio multipliers with the Dow Jones Industrial Average from 1896 to present. The 315-year result is the longest contiguous record of equity prices in the history of Humankind.Read full article... Read full article...
Saturday, January 03, 2009
Stock Market Wave 4 Rally Scenario Intact / Stock-Markets / Elliott Wave Theory
By: Mike_Shedlock
The "wave 4 theory" is alive and fine. Here is the chart from December 8th Bullish Looking Charts: S&P 500, Nasdaq, BKX describing possible targets for Wave 4.
In Elliott Wave terms we are looking for a "wave [4]" bounce. The short term implications are bullish with possible retrace targets of 1008 for a 38.2% retrace or 1090 for a 50% retrace of "wave [3]". The long term implications are rather nasty. Our "Wave [5]" target back down is approximately 600.
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Friday, December 19, 2008
Stock Market Crash Wave Count Update / Stock-Markets / Elliott Wave Theory
By: Mike_Shedlock
Catch A Wave - Brian Wilson, Beach Boys: Catch a wave and you're sittin' on top of the world. There is another interpretation of "catch a wave". That interpretation is Elliott Wave. I talked about waves at length on October 10th in S&P 500 Crash Count .
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Monday, October 27, 2008
Global Stock Markets Contagion Blowback / Stock-Markets / Elliott Wave Theory
By: Joseph_Russo
From GLOBAL CONTAGION April 26, 2006
“A highly deceptive global contagion of the bullish kind appears well underway”
“The basic concept of meeting the demands of large growing populations with finite world resources has always been one of extreme challenge and controversy.
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Saturday, August 30, 2008
Trading the Stock Market and Commodities With Elliott Wave Theory / Stock-Markets / Elliott Wave Theory
By: Dominick
Readers who've joined and finally understand what we do at TTC, and how we do it, often tell me they used to see these updates every week but just couldn't believe we were actually making in real time all the trades they contained. It seemed too implausible that week after week we'd find easy trades in various markets and buy tops and sell bottoms with such frequency.Read full article... Read full article...
Wednesday, August 20, 2008
Economic Critical Juncture Towards a Generational Depression / Stock-Markets / Elliott Wave Theory
By: Eric_Chevrette
One more time, we have to reassess the LONG time EW scheme in USA in order to view the currently IMMINENT market developments under the proper perspective at worldwide level. No one needs to repeat that the current global crisis is a bank and credit driven one where the US housing bubble has been the appointed match to ignite the fire. But no one should either keep a blind eye on how DEEP the current credit crisis REALLY IS : as you can see with charts #1 to 5 , it is a crisis of GENERATIONAL size and depth where the peak in October 2007 is the door to that generational crisis. With the BKX index (US banking sector) reaching below 50 in July 2008, we have all EW evidence ( chart #1 ) that the rise from 2003 to 2007 was the final “wave 5” of a FULL cycle of “banking expansion” which did start in USA in 1984 and peak 23 years later in 2007.Read full article... Read full article...
Thursday, July 17, 2008
Commodity Market Forecasts for Soft's, Agricultural's and Livestock / Commodities / Elliott Wave Theory
By: Nadeem_Walayat
We're excited to announce that our friends at Elliott Wave International have made available to our readership a FreeWeek of expert
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forecasting services until noon Wednesday,
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Sunday, June 08, 2008
Stock Market Boom or Bust? / Stock-Markets / Elliott Wave Theory
By: Joseph_Russo
Two Sides to Every Argument: From an Elliott Wave perspective, one can argue with good cause, that the Dow Jones Industrials are en-route toward retesting the depths of their 2002 bear market lows. The magnification of weekly closes from the October 2007 top, display a textbook series of impulsive declines at three degrees of trend. Case closed:
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Monday, May 19, 2008
Dow Transports Hitting New All-time Highs / Stock-Markets / Elliott Wave Theory
By: Joseph_Russo
Before we begin our look at the roaring Transportation average, we would like to return your attention to our previous week's article entitled “ Spring-Break ”. Last week's piece did a fine job of calling a precise short–term tradable low in the Dow.
Below we re-present the chart from last week's article. Within that article, previous guidance suggested, “For select traders, proprietary criteria also provided another exit or potentially early reversal signal near the close at 12734.” The follow-up chart illustrates how the reversal signal turned out to be a rather precise one, and by no means early.
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Monday, April 21, 2008
Commodities Bull Market: Crude Oil, Natural Gas and CRB Elliott Wave Analysis / Commodities / Elliott Wave Theory
By: Eric_Chevrette
Tears For Food: Just the onset of a multi-year rising tide of "Food Riots". You may remember chart #4 (given here as chart #1 ) from “Hell's bells in stereo sound” published on April 13………
What GEW had to say back then (just a week ago) : “After blue wave 1 was 0.5 “points” from 2.25 to 2.75, you shouldn't be surprised to pay $ 3.2 for a gallon of gas in a very near future (0.5*1,6=0.8 then 2.5+0.8=3.2) ; of course gas prices are going to increase all around the world while the acceleration of the slide of the US $ is going to be of little comfort to world consumers. Meanwhile $ 3.2 is a “joke” as good as $ 100 with oil prices.”………….
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Saturday, April 19, 2008
Stock Market Trading Amid Travesty- Facts are Stubborn Things Part III / Stock-Markets / Elliott Wave Theory
By: Joseph_Russo
Addressing the Cause and Effect of the Credit Crisis- Facts are Stubborn Things Part I
Central Banks' in Tatters- Facts are Stubborn Things Part II
Nothing new under the sun comes to mind when pondering whether financial markets are truly free. Beyond all related conjecture, it remains a stubborn fact that markets have always behaved in a way to perplex the majority of participants.
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Thursday, April 17, 2008
Stock Markets Headed Higher Into Summer / Stock-Markets / Elliott Wave Theory
By: David_Petch
So far the HUI turn date of Monday April 13thish was a few days late, but appears to be on course. The XOI and USD index also are playing out according to their respective Elliott Wave patterns. Analysis below discusses what to expect in the S&P over the course of the next few months. One side note, we have implemented all charts on our site going forward to be HTML coded so that a much larger version is available at the click of a mouse. Read full article... Read full article...
Sunday, April 13, 2008
Hell's Bells In Stereo Sound For the World Stock and Financial Market Bears / Stock-Markets / Elliott Wave Theory
By: Eric_Chevrette
Though my previous article was mainly dealing with oil, it was nevertheless also stating how obvious and clear a new bull market with common stocks is now at worldwide level. But I forgot to give the detailed technical explanations about the right way to use EW_MS in the current situation. This is important as EW_MS will most likely some day become THE ultimate TRUE way to apply efficiently the waves discovered by R.N. Elliott in the 20 th century.Read full article... Read full article...
Friday, March 21, 2008
EW Doomsday: Fresh New Highs For Stock Market DJTA / Stock-Markets / Elliott Wave Theory
By: Eric_Chevrette
As in my previous article, I won't bother you with a long exposé and will make my point with just a few well chosen charts.
If you have never before been into the living heart of a true “wave 3” then it is what you WILL experience in the very next days with global US indexes. Here is the updated chart from my previous article just a few days ago.
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Sunday, February 24, 2008
Stock Market Update: Know When to Hold ‘Em / Stock-Markets / Elliott Wave Theory
By: Dominick
This continues to be a trader's market, no doubt about it. When it takes three months for the market to swing a hundred points in any one direction, but you can get 30 points in an hour, this is clearly not time to buy and hold.
The problem for many, though, is that they simply don't know how to trade short time frames and most subscription services don't specialize in real time analysis. Not so with TTC! Read on to see how we traded this past Friday and what it really means to be unbiased in this topsy-turvy market.
Read full article... Read full article...
Sunday, February 24, 2008
Oil and Gold Inflation Assets Hit New All-Time Highs / Commodities / Elliott Wave Theory
By: Robert_McHugh_PhD
This week saw both Gold and Oil hit new all-time highs. Gold rose to $958.40 on Thursday, February 21 st . Oil rose to $100.86 on Wednesday, February 20th . Silver also busted out higher, hitting $18.19 Friday, February 22 nd . In the face of deflating housing prices, stock prices, and high risk credit assets, gold, silver, and oil are flying high. What is going on? Read full article... Read full article...
Sunday, February 17, 2008
Stock Market Update: Blemishes on the Bears' Elliott Wave Count / Stock-Markets / Elliott Wave Theory
By: Dominick
Another week is now history and the bear case is looking worse for it. Not that the market can't go down from here, but if it does, it won't be the impulsive 3 rd wave for which so many have been waiting and waiting and waiting.Read full article... Read full article...
Sunday, February 03, 2008
Stock Markets Cleanse House of Speculative Positions / Stock-Markets / Elliott Wave Theory
By: Joseph_Russo
Free-Market Dynamics vs. Statist Intervention In this particular round (likely the start of the 15 th ), one may assume that at present, the round is even on points. Free Market Dynamics have scored in breaching some minor structural under-pinning's of the artificially-engineered perennial Bull - and the Statists have scored in response - thus far placing a perceived “floor” against the free markets natural propensity to adequately cleanse abuse and excess.Read full article... Read full article...
Sunday, January 27, 2008
Plunge Protection Team Orchestrating a Stock Market Bottom? / Stock-Markets / Elliott Wave Theory
By: Joseph_Russo
A Work in Progress
Well, it is blatantly obvious that the (PPT) plunge protection team, presidents working group – or whatever they call themselves - found it necessary to intervene in the free-market in attempt to orchestrate a bottom.
Where are these guys when markets are a boiling-pot of unsustainable parabolic animal spirit? We suspect during such episodes, they are patting themselves on the back for planting the seeds for such bullish orgies
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Wednesday, January 23, 2008
Financial Market Forecasts - Elliott Wave International Free Week Access is LIVE! / Stock-Markets / Elliott Wave Theory
By: Nadeem_Walayat
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Monday, December 31, 2007
Stock Market Trading 2008 - Resolved Price Interpretation / Stock-Markets / Elliott Wave Theory
By: Joseph_Russo
"Who is the judge? The judge is God... Why is He God? Because He decides who wins or loses, not my opponent ... Who is your opponent? He does not exist.... Why doesn't he exist? Because he is a mere dissenting voice of the truth I speak."
The above quote comes from the film “The Great Debaters” directed by Denzel Washington. The Great Debaters was inspired by Wiley College, a traditionally African-American school in Marshall, Texas, with Melvin Tolson, its iconic debate coach.
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Sunday, December 30, 2007
Stock Market Forecasts 2008 - FTSE, DAX and SPASX200 / Stock-Markets / Elliott Wave Theory
By: Robert_McHugh_PhD
The Australia SPASX 200 fell 11.00 points, or 0.17 percent, to 6,339.90 as of Friday, December 28th, 2007. Volume was 47 percent of its 10 day average. Downside volume led at 65 percent, with declining issues at 57 percent, with downside points at 51 percent in mixed trading. Demand Power fell 4 points to 400, while Supply Pressure fell 3 points to 420 , telling us neither side had strong conviction about the trend. Supply Pressure rose sharply above Demand Power Monday, December 17th, triggering an enter short positions signal, and remains there Friday. Read full article... Read full article...
Sunday, December 30, 2007
Stock Market Update: Work Ethic of an Unbiased Trader / Stock-Markets / Elliott Wave Theory
By: Dominick
I hope you had an enjoyable, restful holiday week. But, if you're like me you've been looking forward to the end of these shortened weeks and can't wait to get back to some heavy volume trading! Friday's close left the immediate term outlook very muddled with many different patterns still viable, but as usual we're content to show up day after day to trade whatever the market offers. All the ambiguity of the current setup means is that anyone who now says they know exactly what will happen next is probably wrong!Read full article... Read full article...
Monday, December 17, 2007
EWI view on the FTSE, Interest Rates and the Super SIV Subprime Rescue Fund / Stock-Markets / Elliott Wave Theory
By: EWI
Hey, Buddy, Can You Spare a Dime for the SIV Superfund? 12/7/2007 2:33:58 PM " Strange to see that Wall Street, which had no trouble raising money before the subprime mess and the ensuing credit crunch, is now scraping for 'spare change.' Here's why the superfund is a good idea for a few people but a bad idea in general. Read MoreRead full article... Read full article...
Sunday, December 16, 2007
Stock Market Update: Stop the Insanity! / Stock-Markets / Elliott Wave Theory
By: Dominick
After a rollercoaster week, the S&P closed Friday on the lows of the week with a head and shoulders pattern looming in the 15-minute and hourly charts. Monday morning will have to decide if this bearish pattern gets played out, but it's also up against our bullish setup, so only the trader prepared for either outcome is truly prepared!Read full article... Read full article...
Tuesday, November 13, 2007
EW DOOMSDAY: The Wrong Rodeo in the Eyes of Stock Market Black Monday Players Expectations / Stock-Markets / Elliott Wave Theory
By: Eric_Chevrette
As you know, some if not most EW experts make a reputation if not good business while consistently trying and calling 5 wave tops of various degrees with more or less success. As to me, understanding that EW is basically discounting a collective psychological behaviour of the human species which is based on the repetition of fatal errors brought about by GREED (what is a wave 5 if not pure greed doomed to be punished & erased after the correction dips BELOW the previous wave 4? ) is making me aware of the MORE useful application of EW when it comes to pick a bottom. Read full article... Read full article...
Monday, November 12, 2007
The Trading Game - 150+ Years of Grand Super Cycle Advance is Still Alive and Well / Stock-Markets / Elliott Wave Theory
By: Joseph_Russo
Classic Elliott Wave Theory implies that there are nine degrees of trend that drive the broad based indices.
The trend that most are concerned with is the long-term or Primary Trend.
Read full article... Read full article...
Wednesday, November 07, 2007
EW DOOMSDAY: Black Monday Syndrome - Stock Market Players Gasping In Vain For Fresh Air / Stock-Markets / Elliott Wave Theory
By: Eric_Chevrette
Though I don't really care for dates nor events and characters because shapes are more relevant to a safe long & medium term strategy in the field of money management as they reveal the path followed by the collective mind which is absorbing any individual will into its stream (this being a fact, no matter if you are a President, a CEO or just an average employee in a local shop round the corner) , I must confess that my attention was lately drawn to the “Black Monday” syndrome after I came across some articles published online about this issue. Read full article... Read full article...
Friday, November 02, 2007
Sharp Drop in Stock Markets - A Mere Correction or Reversal? / Stock-Markets / Elliott Wave Theory
By: Anthony_Cherniawski
From its closing high peak on October 9, 2007 , the Dow Jones Industrials spent 8 days in decline and 8 days in a corrective rally. Assuming the up-trend from August to October may be over for now, where may the market go from here?Read full article... Read full article...
Monday, October 22, 2007
Market Myths Exposed - Free Video Series to Market Oracle Site Visitors / Stock-Markets / Elliott Wave Theory
By: EWI
I am happy to tell you about a brand new 3-part video series that should help you understand the financial markets.
The video series is called Market Myths Exposed. Here's the release schedule:
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Monday, October 22, 2007
EW DOOMSDAY: Stock Market Falls - What the IMF & US Authorities Want to Know / Stock-Markets / Elliott Wave Theory
By: Eric_Chevrette
As most if not all people now only care for price levels after the US stock markets fell heavily last Friday, October 19, it might the RIGHT time to look elsewhere for GOOD reasons WHY you will enjoy NEW highs pretty soon with any stock index in the world.
As I also previously said in another article, another good reason why I can't talk too much into details about stock market charts and EW counts is that I am currently trading the stock market with customers, so it is impossible for me to disclose for free what some people pay me for. Anyway you will get some other charts here which I hope will convince you that the Mother of all bull markets is still alive despite the current NOZRM dip (NOZRM = not out of the road map) .
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Saturday, October 13, 2007
McHugh's London FTSE 100 Index , German DAX, and Australia Stock Market Forecasts / Stock-Markets / Elliott Wave Theory
By: Robert_McHugh_PhD
The London FTSE, German DAX, and Australia's SPASX200 are all approaching a top. The FTSE looks to be finishing a wave b-up inside a wave a-down, b-up, c-down for a correction of the recent multiyear Bull market. It is completing a Rising Bearish Wedged for wave b-up. Prices have exceeded the upper Bolling Band, two standard deviations above its 20 day moving average. It has also reached the 10 day average of each day's highs. These are normally places where tops occur. The same is true of the German DAX. Read full article... Read full article...
Friday, October 12, 2007
EW DOOMSDAY: Dow Jones 400 Target Facing The Mother Of All Bull Markets / Stock-Markets / Elliott Wave Theory
By: Eric_Chevrette
It's already some time since I published my article about “DJIA 400” losing its glory at light speed where I had announced “a flight of 10 nails to DJIA 400” as my next article, so you may be surprised to get a different title today. Don't worry, the “flight of 10 nails” is still there for you right below:Read full article... Read full article...
Thursday, October 11, 2007
Gold and Silver Short Term Forecast - Ending Diagonal Patterns / Commodities / Elliott Wave Theory
By: Dan_Stinson
The price action for Gold and Silver appears as possible ending diagonal patterns, indicating that a sharp pullback is possible. We were also following ending diagonal patterns for the DOW and SPX, which completed on Oct 11th (today). When ending diagonals complete they are followed by a sharp decline to the starting point of the pattern. The starting point is at the wave (4) low on the Gold and Silver charts below.Read full article... Read full article...
Sunday, September 30, 2007
UK FTSE 100 and Germany's DAX Index - Elliott Wave Stock Market Analysis / Stock-Markets / Elliott Wave Theory
By: Robert_McHugh_PhD
Both major stock markets are completing tops , and are about to start multi-week declines.
The London FTSE topped in July, 2007, and since has been tracing out the first two legs of an a- down, b -up, c- down Intermediate degree wave 2 decline. Wave b- up has retraced about 73.6 percent of the decline from July into August. That wave should complete soon. Then a strong decline, wave c- down should begin. A Fibonacci .786 retrace of wave a- down would take the FTSE up as high as 6,554.
Read full article... Read full article...
Tuesday, September 25, 2007
EW Doomsday: A Flight of 10 Nails to the Dow Jones 400 Target / Stock-Markets / Elliott Wave Theory
By: Eric_Chevrette
Well, according to some comments I got, it seems my article of yesterday is making a few of you a little nervous, and I'm getting “accused” of “talking nonsense” especially when I mention the probability of a “light speed” bull.
So here comes my chart of the day to make some of you MORE nervous ….
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Monday, September 24, 2007
Elliott Wave Doomsday: Dow Jones 400 Target Losing Its Glory At Light Speed / Stock-Markets / Elliott Wave Theory
By: Eric_Chevrette
The wave pattern presented with chart #4 in my previous article at http://www.marketoracle.co.uk/Article2146.html is fully validated by the action since last week: a major wave 3 is now in force. No need of big words. Please have a look.
The wave development makes now sure that new highs will be reached shortly around the 1600 area for the SNP500 (more computations can easily be made for other global indexes) and this will be a new light green wave 1 according to the LONG TERM pattern shown with chart #8 in my other article at http://www.marketoracle.co.uk/Article1960.html
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Sunday, September 16, 2007
Bullish Precious Metals, Crude Oil, and Gold Stocks / Commodities / Elliott Wave Theory
By: Robert_McHugh_PhD
As the Fed hyperinflates, sacrificing the Dollar to bail out a deteriorating economy, precious metals and Gold stocks are benefiting. Gold and the HUI are close to bullish breakouts.
Gold finished the Minor degree wave 3 of Intermediate degree 1 up on May 12th at $730.40. Gold 's Minor degree wave 4 is a Symmetrical Triangle , which is a consolidation pattern of the Minor degree wave 3 rally that started back in 2001 and extended into the May 12th, 2006 top. Waves a through e within wave 4 are complete. A break above $730 would confirm that the triangle is complete, and wave 5 up is underway, and would be a “buy” signal. We came close to that level this past week.
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Sunday, September 16, 2007
EW Doomsday : S&P500 Stock Market Index to Rise To 1600 Within 2 Months / Stock-Markets / Elliott Wave Theory
By: Eric_Chevrette
Though I have given in my previous article (for further references click here) a broad view upon China and the US stock markets over the long haul, I feel necessary to show how life can be VERY easy on a daily and weekly basis if you know how to make the genuine spirit of the waves work as your best friend: it is fine to get the BIG picture into the right “wave frame” BUT it is EVEN BETTER to get a fair idea about the medium term within the “big frame” which is the purpose of this article ; this is best to be shown with the US stock markets where the current subprime debt market crisis is going to be “forgotten “ as fast as it flashed inside your mind . Read full article... Read full article...
Sunday, September 16, 2007
Stock Market Update: Trader's Best Friend / Stock-Markets / Elliott Wave Theory
By: Dominick
If last week kicked off the top of the ninth, then you could say we definitely saw some base hits and some runners advancing this week. You may have noticed we basically got a mirror image of the previous five days, finding a bottom on Monday and closing Friday near the highs. But, unless you're already a member of TTC , you probably didn't buy that Monday low. If you were like many, chances are you figured the bottom had dropped out after that employment number, that it was another 1987, or maybe we were about to get hit with another 9/11.Read full article... Read full article...
Saturday, September 15, 2007
Using Elliott Wave Theory to Forecast the Financial Markets / InvestorEducation / Elliott Wave Theory
By: EWI
In the 1930s, Ralph Nelson Elliott , a corporate accountant by profession, studied price movements in the financial markets and observed that certain patterns repeat themselves. He offered proof of his discovery by making astonishingly accurate stock market forecasts. What appears random and unrelated, Elliott said, will actually trace out a recognizable pattern once you learn what to look for. Elliott called his discovery "The Elliott Wave Principle," and its implications were huge. He had identified the common link that drives the trends in human affairs, from financial markets to fashion, from politics to popular culture.Read full article... Read full article...
Friday, September 14, 2007
Free September Issue of Elliott Wave International's Monthly Futures Junctures During September 07 Free Week Only / Stock-Markets / Elliott Wave Theory
By: Sarah_Jones
Elliott Wave International, the world's largest market forecasting firm, has just made available for FREE their current September issue of Monthly Futures Junctures publication. Read full article... Read full article...
Thursday, September 13, 2007
Free Access to Premium Elliott Wave Commodity Forecasting Resources / Commodities / Elliott Wave Theory
By: Sarah_Jones
We have great news from our friends at Elliott Wave International (EWI) … a FreeWeek of EWI's Commodity Forecasts is live until Wednesday, September 19 at noon EDT!
If you've participated in one of their FreeWeeks before, you know what to expect. If this is your first time, you're in for quite a treat!
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Wednesday, August 29, 2007
Global Stock Market Forecasts - Shanghai Index 30,000, Gold $5000 and DJIA 17,000 / Stock-Markets / Elliott Wave Theory
By: Eric_Chevrette
Elliott Wave Principle Worldwide Applied August 2007 - Since pure chance gave me the opportunity to translate into French “Elliott Wave Principle” from B. Prechter in 1989 after graduating in International Affairs in 1984 from the ESCP (Ecole Supérieure de Commerce de Paris, which was ranked 6 th best business school in Europe by the Financial Times in 2006) , my life could obviously no longer be the same.
Indeed being French means that you are raised in an educational system which is since the Age of Enlightenment and the French Revolution regarding science and rationality as the most positive ways to put the logical mind at work to build the best possible road towards progress for human society.
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Tuesday, August 28, 2007
Elliott Wave Analysis of the AMEX Gold BUGS Index / Commodities / Elliott Wave Theory
By: David_Petch
After publishing the HUI last week, I have had a number of questions about my count. Surprisingly, out of 50 emails received, some 20 were wondering how valid the count was if it was analyzed in semi-log format. Most of the work I do for constructing wave counts are based upon analysis on the weekly charts in semi-log format. The software that I use for displaying the Elliott Wave charts does not have a semi-log function, so I must display them in linear format. With all of the emails, the entire article from last week is presented to hopefully subdue any queries (and my email box) anyone may have. Read full article... Read full article...
Sunday, August 12, 2007
Stock Market Elliott Wave Analysis : Intermediate Top Spotting / Stock-Markets / Elliott Wave Theory
By: Dominick
With volatility, illiquidity, and uncertainty roiling equity markets this week, we tuned out the pundits, removed bias, and traded the charts as they evolved and presented the set ups we identified over the weekend. Last Friday, as “Cramerica” was capitulating, we were looking for a tradable bottom, barring some sort of meltdown. To this effect, last weekend's update said:
“From here, Dom acknowledges that the bears must see Thursday's high as an abc for wave 2, making Friday's selling a wave 3, but this is a low probability setup. Dom's working count has this leg ending soon, but also critical levels where this count has to be abandoned. Remember, price levels are the key to trading here, not unconfirmed counts.”
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Saturday, July 28, 2007
Real Estate Trends Forecasting Online Course Using Elliott Wave Theory / Housing-Market / Elliott Wave Theory
By: Sarah_Jones
The Research Company that Predicted Current Real Estate Woes in 2005 Unveils New Online Course on Real Estate Trends
Elliott Wave International, the world's largest market forecasting firm, has just released it's much-anticipated online investment course on real estate trends, entitled Learn to Anticipate Real Estate Trends – For Buyers, Builders, Bankers and Brokers .
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Saturday, July 14, 2007
Stock Market Update: Profit is the Only Real Portfolio Protection / Stock-Markets / Elliott Wave Theory
By: Dominick
Even the most casual market observers will have noticed Thursday's record-breaking explosion in stocks and Friday's new all-time highs in the S&P 500, but how many of them bought the bottom? And I don't mean piling into the momentum and squeezed out a profit. How many expected the move into the low and bought the gap down on Wednesday? My guess is that, even among all the professional traders and retail investors, the number who really did is very low.Read full article... Read full article...
Saturday, June 30, 2007
Erratic Range-bound Trading - Financial Markets Outlook / Stock-Markets / Elliott Wave Theory
By: Joseph_Russo
As the financial sphere and all of its participants scramble to position themselves on the proper side of the next big move, the “house” goes about doing what it does best. Particularly over shorter periods of erratic range-bound trade, “the house,” (any consolidating broad-based index) becomes most intent upon confusing as many participants as possible.
Amid such chaos, the marketplace (by design) will efficiently assimilate a fair portion of the majority's active trading capital in what is for most traders, a rather frustrating price-discovery process. Perhaps this chronic frustration is origin to a denial-based allusion that “the market is always right.” We also ponder if such mechanics are a suitably alternate way in which to perceive the “efficient market hypothesis.”
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Saturday, June 23, 2007
Whispers of Instability in the Financial Markets / Stock-Markets / Elliott Wave Theory
By: Joseph_Russo
There is little doubt that maturing institutionalized paradigms, which foster mounting imbalances of epic proportion, persist in the invisibly slow and torturous erosion across the fabric of collective cultural unity. When mounting imbalances inevitably turn unstable, one may surmise that dwindling unity and collectivism will be reserved for smaller and smaller cultural segments, and eventually dispersed amongst only the most vital of forces who feed upon it - namely the minority of embedded institutions who are most enriched by such deeply layered maladies.Read full article... Read full article...
Monday, June 18, 2007
Financial Market Forecasts - Runaway BULL? / Stock-Markets / Elliott Wave Theory
By: Joseph_Russo
Coming off a highly erratic two-week period, with certain indices revisiting old territory, and others moving into uncharted waters, one must conclude that the financial sphere is obviously a bit insecure here.
Is a runaway bull upon us, or is this a last thrash of erratic house cleaning by the shopkeepers? In due course, we shall know whether this bull has legs, or if it is a mere fish-out-of-water – in the throws of its last rally spasms toward sheer exhaustion.
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Saturday, June 02, 2007
Stock Market - June Swoon / Summer Rally / Stock-Markets / Elliott Wave Theory
By: Joseph_Russo
"The Raging Bull" we spoke of a couple of weeks ago, appears to have taken up permanent residence across many sectors of the financial sphere. This bull has been relentless, cunning, and quite masterful in dealing with the plethora of participants who have been eagerly anticipating some type of correction – if not an outright crash!
After 11-weeks of nothing but blue sky, we suspect this bull may simply be growing bored of the dominance it imposes upon bears at will. Perhaps a couple of weeks respite in June ought to be a minimum at which this easily antagonized bull may once again become angered, electing to resume its deceptive charge with renewed fury.
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Friday, May 18, 2007
Elliott Wave on the Dow Jones Index - Ending Diagonal Pattern / Stock-Markets / Elliott Wave Theory
By: Dan_Stinson
Short Term Forecast
The DOW and S&P500 are in ending diagonal patterns, indicating that the rally is near completion in a terminal pattern. We should see further choppy upside to complete the pattern, but when ending diagonals complete they are followed by a sharp decline to the starting point of the pattern. The ending diagonal patterns began on May 1st, so we should see a sharp decline to the price action near this date. We then would expect to see a corrective rally in wave 2 up not to make a new high, before further substantial downside.
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Monday, April 30, 2007
Re-Scaling Global Stock Market Perception / Stock-Markets / Elliott Wave Theory
By: Joseph_Russo
BACKDROP
In April of 2006, we were quite aware of the parabolic price movements taking place amid numerous global equity markets. We weighed in on the matter with a piece entitled Global Contagion.
On September 14, 2006 with the Dow trading at the 11,500 level, Elliott Wave Technology forecast an imminent critical mass building within the Industrial Average. At the time, we shared those observations in our presenting Equity Markets Approach Critical Mass .
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Monday, April 23, 2007
Navigating the HUI (Gold Bugs Index) Using Elliott Wave Theory / InvestorEducation / Elliott Wave Theory
By: Joseph_Russo
Providing a consistently accurate road map for traders and investors is both a rewarding and challenging responsibility that we passionately embrace. We approach our calling as though legally bound by the highest of fiduciary standards.
Although it is clearly impossible for one to know with any level of certainty how and when prices will move within a given series, this article will provide testament that it is indeed plausible to attain a distinct advantage, and actionable level of foreknowledge relative to dynamic price evolution in both time and amplitude.
Success in the two separate endeavors of trading and analysis is by no means failsafe or a sure thing. To the contrary, trading losses, and failed forecasting signals generously populate the real life experience of the most successful traders and analysts. In this business, no individual, method, or system can get things right all of the time. Within the chart archives below, we will provide such examples of real-world challenges and triumphs.
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Sunday, April 22, 2007
Stocks & Commodity Markets Elliott Wave Analysis - Nonstop, Straight to the Top / Stock-Markets / Elliott Wave Theory
By: Dominick
I'm sure by now many traders have noticed what's really been going on. It sure does feel as though the capitulation phase I've been waiting to see may be upon us, as this was a brutal week for anyone stuck in a short position from the February top. Or from any of the inviting diversions along the rally from the March lows.
That's just the market doing what it's done ever since its doors opened – it'll get every bear to cover and stop shorting, while getting the late bulls long, as the train appears to be leaving.
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Friday, April 20, 2007
Elliott Wave Analysis of Gold - A Word of Caution for Gold Bulls / Commodities / Elliott Wave Theory
By: Nadeem_Walayat
Gold in recent days has flirted with resistance above $690, currently having retraced from the initial attempts at a breakout higher.
From time to time, so as not to get suckered into a wrong analysis or wave count of a market based on relying too much on ongoing 'updated' analysis. I like to take a fresh chart of a market, in this case of Gold, and see what actually stands out clearly at this point in time, a Fresh view so to speak.
What is the 'Fresh' current chart of Gold telling us, especially in terms elliott wave analysis ?
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Thursday, April 19, 2007
Free Access to Elliott Wave Internationals Premium Financial Forecasting Service has Started! / Stock-Markets / Elliott Wave Theory
By: Nadeem_Walayat
We at Market Oracle have been able to secure FREE exclusive access for all readers of the Market Oracle website to Elliott Wave.com's premium Financial Markets Forecasting services without any obligation as of now !.Read full article... Read full article...
Wednesday, April 18, 2007
Free Access to Robert Prechters Financial Market Forecasts / Stock-Markets / Elliott Wave Theory
By: Nadeem_Walayat
One of the most recognised experts in the field of elliott wave theory is Robert Prechter, who's work on understanding and applying elliott wave theory to forecasting of financial markets, now spans more than 30 years.
We at Market Oracle have been able to secure FREE exclusive access for all visitors to the Market Oracle website to Elliott Wave.com's premium Financial Markets Forecasting services without any obligation starting today at 1pm EST.
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Monday, April 16, 2007
Elliott Wave Theory and Financial Market Forecasts / Stock-Markets / Elliott Wave Theory
By: Nadeem_Walayat
Elliott wave theory in the hands of experienced professionals, has time and again shown itself as an important indicator of future trend, a road map that is constantly adjusted in the light of unfolding price action.
If you have been following the various articles on Elliott Wave theory at the Market Oracle website, you will have experienced the usefulness of elliott wave theory in projecting targets both in terms of price and time with also clear examples of how unfolding price action adjusts the wave count expectations.
In a recent lengthy article (16th April), one of our contributors Joseph Russo illustrated this in his unfolding analysis of Gold over several months, and how at each stage Elliott Wave theory gave important clues in terms of probable price action, as well as how to interpret price action that deviated from the probable road map.
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Monday, April 16, 2007
Elliott Wave Analysis and Forecast - Gold Boom and US Dollar Bust / Commodities / Elliott Wave Theory
By: Joseph_Russo
Introduction
After a short tirade inspired by the financial alchemy surrounding the world's reserve currency, we will quickly shift our focus to more stable realities.
Through a briefing of price charts, we will speculate on just how far the dollar can fall, and to what heights Gold may climb. In addition, Elliott Wave Technology will share with readers precisely how we have kept our trading clientele on the right side of a rather challenging Gold market from the print high of 730.40 in May 2006, through the violent, and choppy, year-long consolidation experienced since.
Gold Boom / Dollar Bust
As the U.S dollar threatens a two-year double-bottom re-test of its 2004 low, it serves as a timely reminder that the dollar remains firmly entrenched in a century long secular bear market. Some 15-years ago in 1992, the dollar hit it lowest levels striking prints south of 78.50. Last week, it slipped back below 82.00 breaching lows most recently recorded last year in December of 2006.
Sunday, April 15, 2007
Stocks & Commodity Markets Elliott Wave Analysis - Future's So Bright ! / Stock-Markets / Elliott Wave Theory
By: Dominick
Since I didn't write an update last week, I will go back to the April 1 st update to review where we had left off. In that update I had stated:
“This week, we might have the same situation, but on a smaller degree. Has the market topped out in a second wave retracement on March 23rd, or are we about to set a huge bear trap to finally get that run to new highs that sets up the classic capitulation?
As we've basically nailed these last two swings, we think we have the correct possible patterns and are waiting for a bit more price action to confirm. It might only take another day or two. I believe we will have a decent move within the next 20 points that we are ready to trade.”
Sunday, April 01, 2007
Stocks & Commodity Markets Elliott Wave Analysis - Show me the money! / Stock-Markets / Elliott Wave Theory
By: Dominick
Surprise, surprise, another volatile week. The bears got their big selloff, but it was in corn, not in the S&P's! Corn opened down lock limit as the S&P's created great trading opportunities for the “unbiased” trader.
As we ended 2006, I promised 2007 would be the year of volatility, and hasn't that been the truth?! It feels like only yesterday we were grinding up each day point by point. Friday's closing bell wrapped up March, as well as the first quarter, but investors who were pegged to the S&P are in for a surprise when they receive their quarterly statements. The S&P closed 2 points from its 2006 close.
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Sunday, April 01, 2007
Learn to Trade - RULES OF ENGAGEMENT (for the long haul) / InvestorEducation / Elliott Wave Theory
By: Joseph_Russo
In this, our last article in the public series, we will focus our attention on long-term broad market strategies for self-directed index investors. The Traders' Series is in development, and will be available on our website soon.
In addition to inviting index investors' to realize the power and convenience of Elliott Wave Technology's Interim Monthly Forecast , this article will present:
- The premise and composition for three types of long-term investment strategies
- Simple guidelines to which one must adhere in effectively deploying each • Pitfalls and risks if strategy disciplines are not implemented
- Long-Term Charts of the Japanese Nikkei and the NASDAQ Composite Index from 1982 through present
- An opening graphical summary of charts illustrating the results of Elliott Wave Technology's Pro-Active Long-Term Investment Strategy for the NASDAQ 100 from 1994 to present
- The easiest and most effective way for self-directed index investors to monitor, and automatically track EWT's ongoing Pro-Active investment strategies
Monday, March 12, 2007
Crude Oil Dynamic Price Action Technical Analysis over the last 9 months / InvestorEducation / Elliott Wave Theory
By: Joseph_Russo
After a wild ride from last years July top, what lies ahead for Crude Oil prices?
We'll get to the bottom of that rather “deep well” in our last price chart and closing comments. First, let's back up and take a look at what's happened to the price of Crude Oil from the near $80.00 spike high back in July of ‘06. This will give us a sense of price history, and will also reveal just how Elliott Wave Technology has been making clients HUGE PROFITS ever since . From July 13, 2006 through March 2, 2007 , position traders' using our analysis could have made a minimum of $38,000.00 per oil contract!
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Sunday, March 11, 2007
Stock & Commodity Markets Elliott Wave Analysis - 11th March 07 - The Magic Number / Stock-Markets / Elliott Wave Theory
By: Dominick
I'm sure there were readers who couldn't understand the bullish tone from last week's update after the S&P closed on the lows that Friday and looked as if it was about to fall off a cliff. There was plenty of talk last weekend of a “running flat” second wave.
Such a pattern is when the underlying trend is so strong that it overwhelms the correction and, in a decline, wave c is unable to exceed the peak of wave a. Monday's gap down should have ensured the doubters that this was in fact the correct pattern and that the trap door had been opened for the third of a third … again .
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Tuesday, March 06, 2007
A Chronological Account Leading Up to Tuesdays Stock Market Meltdown in the Dow Jones Index / InvestorEducation / Elliott Wave Theory
By: Joseph_Russo
The Power of Chart Technical Analysis and Price Forecasting - In the highly competitive and at times controversial, rough and tumble financial forecasting sphere, maintaining resident impartial disciplines, and "getting it right more often than not," is virtually the closest possible reality toward capturing the Holy Grail that we know of.
Trading, investing, and managing any sum of money is an inherently risky but highly rewarding endeavor. Traders and Managers of all stripes have "big money" on the line every day, year after year. Exposed in equal measure, open positions are continually subject to both inherent risks and substantial opportunities that evolve with the passage of time. Time is critical to this equation and waits for no one. Other than by way of mere chance, time is completely void of accommodation in facilitating individual outcome preferences. Time and price evolve dynamically irrespective of participants' collective time horizons or tolerance for risk. Given this, adopting a reliable primary or secondary financial forecasting source would check risk and balance profits in all time frames.
What follows are chronicled price charts of the Dow Jones Industrial Average leading up to the market meltdown of Feb-27, 2007:
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Sunday, March 04, 2007
Stock & Commodity Markets Elliott Wave Analysis - 4th Mar 07 - What a Difference a Day Makes / Stock-Markets / Elliott Wave Theory
By: Dominick
It's funny how one day can change everything for so many traders and investors. But at TTC we just did what we do every day and, as you're about to see, the strategy worked quite nicely!
First, we're still very proud to have ridden the bull market all the way up from last summer's lows, insisting each week that the ride wasn't over yet. After reaching the 1360 target on the SPX it was easy to say “done”, but I refused after reviewing literally hundreds of charts. Instead, I took the stance that a stronger, multi-decade Fib matrix target on the NYSE was asserting itself, and would need to be reached.
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