Elliott Wave Update ~ 3 March [Update 10:10PM]

[Update 10:10PM Although not a short-term timing tool, the "ALL IN " chart seems to reflect that, well, everyone is indeed going all in.  Parabolic in a way. Definitely a divergence in that new highs on this chart but the market is no where near its old highs. The momo machines will reach a limit.] [Update 9:15PM: [...]

Elliott Wave Update ~ 2 March [Update 9PM]

[Update 9PM: Australia.Real Estate. Bubble? (like Canada) Anyone care to comment? I know we have some Aussie, Canadien readers.] http://www.marketwatch.com/story/australian-real-estate-prices-continue-to-surge-2010-03-01 [Update 8:40PM: Really for the first time in BIDU's existence there is a big price performance divergence with Google.  I wandered in the desert while listening to some Doors and seen the snake.] [Update 8:11PM: When things [...]

Elliott Wave Update ~ 25 February [Update 9:30PM]

[Update 9:30PM: Although the market seems to be stair-stepping lower perhaps in some kind of leading diagonal move, the 'ol brain (and price action and up reversal volume) rather tells me its perhaps a wishful count.  Particularly since certain sectors show a distinct "three" correction over the last few days and maybe are making new wave [...]

Elliott Wave Update ~ 24 February [Update 9:03PM EST]

[Update 9:02PM: The RUT probably has the most obvious Head and Shoulder pattern. (As an aside, there has been not much talk of H&S patterns even though they are all over the place.  I guess the July fakeout H&S dampened those spirits a bit.  Probably why its so desperate to make a new high) .  We see [...]

Elliott Wave Update ~ 23 February [Update 8:17PM]

[Update 8:17 PM: The SPX daily shows the 13/34 situation. A cross seems inevitable unless a hard move down occurs which is what the primary count is at the moment.  Even if it does cross it could turn out to be false. You can see 1113 resistance is the key.  Challenging this mark in A/H's [...]

Elliott Wave Update ~ 8 September

My eyes are on the qqqq’s like I said this weekend. The qqqq’s were lowish volume again. Overall the indexes are all forming a very nice head and shoulders pattern has setup on just about everything with a right shoulder forming. Total volume picked up a bit today as expected but advancing volume was much [...]

E-minis (UPDATE 5:40a.m.)

UPDATE (5:40a.m.) Futures keep on chugging. They now sport a wee bit more negative divergence than they did last night. Somehow I think a huge gap up at this stage strangely seems more bearish a market move than if it did not. (i.e.-exhaustion gap?) Well still 4 hours from open so lots of time left. [...]

Elliott Wave Update ~ 21 August

Minor C wave up appears to be tracing out. I relabeled the squiggles to a series of 1′s and 2′shttp://1.bp.blogspot.com/_TwUS3GyHKsQ/So7fInUOkMI/AAAAAAAABcU/dOzpMBsUVms/s1600-h/SPXdaily.png and next week the various 3′s and 4′s and 5′s should play out which should spell a weaker set of moves. Sentiment is very high. VIX stills diverges. NASDAQ is sluggish. Mega-negative divergence on the [...]

Elliott Wave Update ~ 3 July

There are still many possible counts. I have a lot of them on my 15 minute chart. Take your pick. The good thing is that no matter what structure the market is tracing, the near near term possibilities should be similar no matter what the count. Overall, my primary count is that the market is [...]

Ellliott Wave Update ~ 1 July

Its a tough read at the moment. I knew this moment in time would come. When the market is tracing complex WXY waves of some sort with multiple subwave complexities. So today’s top could be a b wave peak of some kind today. Or the official end of a Minor Blue X wave. Or it [...]

Google Top 25

If you do a Google search of “Elliott Waves”, danericselliottwaves comes up #25 (on page 3). I am not sure what to make of that. I guess its pretty decent and a pleasant surprise. I want to thank all those who have graciously donated to this site. It really helps pay the electric bill and [...]

Elliott Wave Update ~ 26 June (Updated 27June)

UPDATE (SAT 11:30): I made a new post on the NASDAQ and it appears the market is indeed about done with this corrective move up. So the SPX 1 munte I have here likely has the last set of moves up mapped wrong. I think Nate’s ending diagonal works well. 922 could very well be [...]

Time For Lift Off

The Hamptons have laid out some serious fat (or phat) T3 pipes. Evidence A: Alas no, the high betas won’t give up the fight. After all gotta rebalance something. Read more….

Squiggles (updated)

EDIT 945 PM: I added a chart someone had a question in comments. The chart is highly speculative of course showing a Minor blue B wave move toward 950 of an (X) wave flat scenario. Note the invered H&S I mapped. I am learning more complex EW theory such as the rule of alternation between [...]

Elliott Wave Update ~ 25 June

Counting wave patterns is like building a puzzle. It based on logic. Wave structures build and form bigger wave structures. In review of what has happened since the 666 low, it appears the market traced a double zigzag from 666 to 956. That “qualifies” as a valid corrective for P2, yet since P1 was such [...]

Elliott Wave Update ~ 24 June

UPDATE 5:15: I updated my 1 minute chart (comment and a trendline) Wave evidence since 956 top: Impulsing down in 5 wave structures and correcting back in 3 wave structures. That is very bearish and supports further decline is coming. Today’s squiggles still supports that view. Until that trend changes, the Primary count will have [...]

Elliott Wave Update ~ 23 June

Last night I threw some charts up with a bullish count with the thought in mind that P2 was not yet topped and that at some point, the market will have to rebound for the final leg of P2 in a triple zigzag to P2 peak. However, the waves have yet to cooperate. Every bounce [...]

The Very Bearish Count

The very bearish count is that the market is of course in the beginning stages of a P3 wave. In fact if this was the count, then after a dead cat bounce, a big move that slices through 875 will be coming very soon. Technicals though don’t favor this. But if it was P3, technicals [...]

Elliott Wave Update ~ 22 June

I expected today to be a down day and it did not disappoint. The move next is the hard part in this count. There are several ongoing possibilities: 1) A Minor ABC 5-3-5 zigzag has traced (or almost finished) from 956 high for an (X) wave low meaning the market will reverse and head to [...]

Intraday Squiggles

Home from work early, couldn’t help but chart the squiggles hehe. Read more….

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