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http://elliottwavetrendsandcharts.com/wordpress/wp-content/uploads/2012/03/yel.png
That chart did not showup very well so here is a link to that chart.
Will The Stock Market Run to New Highs?
This chart, courtesy Contrarian Advisor, provides a great view of where we are, and it predicts that the S&P gets to above 1500, if not to 1600, in fairly short order: The big picture view is that since 2000 we have been in a large corrective triangle that is leading to a triple top in the S&P...
Hey Yelnick, I have a chart you might like that explains some of what you are saying
Will The Stock Market Run to New Highs?
This chart, courtesy Contrarian Advisor, provides a great view of where we are, and it predicts that the S&P gets to above 1500, if not to 1600, in fairly short order: The big picture view is that since 2000 we have been in a large corrective triangle that is leading to a triple top in the S&P...
Good luck with your new-site, I will keep following your insights on your new blog as well, hopefully you will have time to do an occasionally post here. Best wishes with your new ventures!!
New Blog Platforms
Planet Yelnick began as an email exchange and then a private newsletter after the dot-com bubble burst. Been a great ride but I am changing focus. A new tech boom is on and my attention is there. My new blog platform is: http://bullpencap.com/. For fun I will occasionally blog about travel and c...
Yelnick, I e-mailed you the PFD of that triangle from an old 2006 report I had.
The Skewed Triangle
We may now have a clean wave structure for the choppy rise from July 2009 to January 2010. This makes predictions of the next phase of the market much more reliable: most likely we continue up to the 62% to 2/3 retracement, or the range of Sp1250 +/- 25 pts. This being the third zigzag since Mar...
Really nice write-up :)
GDP & Unemployment: The Morning After
We are coming up on another unemployment report. Preliminary indications are not good. So far we seem to be in another jobless recovery. A deeper look at the recent GDP Report plus the upcoming unemployment report supports my view that this will be a V-Shaped recovery, albeit a jobless one, and ...
Here is a chart you might find interesting, it is from one of my best friends, who has been doing EW, and Neo-wave for decades!!!
http://cdn.cloudfiles.mosso.com/c71692/media/image/201001/phpJOkSk8EAGLEONE12910EXPTRIANGLE.png
Monday Should Break The Pattern
We have had a recurring pattern of a Monday Pump in stocks (up). This Monday is also the first of the new month, and for the whole Hope Rally we have tended to see the first few days up. Yet the wave count looks like a wave 5 down is still incomplete. How to square this? Patterns like the Monday...
I did add you as one of my favorite blogs, I really like how you combine a mix of news with your charts!!!
Monday Should Break The Pattern
We have had a recurring pattern of a Monday Pump in stocks (up). This Monday is also the first of the new month, and for the whole Hope Rally we have tended to see the first few days up. Yet the wave count looks like a wave 5 down is still incomplete. How to square this? Patterns like the Monday...
Sorry, EW trends and Charts is not by Bud :(
But thank-you for posting my blog!!!
Monday Should Break The Pattern
We have had a recurring pattern of a Monday Pump in stocks (up). This Monday is also the first of the new month, and for the whole Hope Rally we have tended to see the first few days up. Yet the wave count looks like a wave 5 down is still incomplete. How to square this? Patterns like the Monday...
If I understand you correctly, that is where it is supposed to be (the blue "ii"), one of the problems with Stockcharts is that the notes float around too much, but the "ii" is at the low of that wave @ 1114.84
First Wave Down Has Ended - Bounce Ahead
The wave count looks pretty clear: five waves down ended this morning. Wave 4 went back only 1/3 of wave 3, not quite the expected 38%, indicating the downward pressure is strong. Waves 1 and 5 are about the same length, of 20-21 pts, a common relationship when wave 3 extends. Tonight's STU note...
Yes, I have noticed that, and it has bugged me, the alternate though is having the minor 3 being the shortest wave, one other thing is bugging me about the move off of the lows today, a 16 point move, way back into the green, yet the Breadth afterwards was 1.001:1 decliners, not what I would expect to see for the first impulse wave of a new trend.
First Wave Down Has Ended - Bounce Ahead
The wave count looks pretty clear: five waves down ended this morning. Wave 4 went back only 1/3 of wave 3, not quite the expected 38%, indicating the downward pressure is strong. Waves 1 and 5 are about the same length, of 20-21 pts, a common relationship when wave 3 extends. Tonight's STU note...
yes, I do, normally wave 4's are more drawn out then 2nd waves, in terms of time, and they also usually push out of the trendline as the sell-off weakens, just as they have done during the rallies. I still do see the possibility that the 5th was put in today, even though some of the indicators are over-bought, but it just seems too quick in time to have all those 3-4's completed in less then 3 full days.
First Wave Down Has Ended - Bounce Ahead
The wave count looks pretty clear: five waves down ended this morning. Wave 4 went back only 1/3 of wave 3, not quite the expected 38%, indicating the downward pressure is strong. Waves 1 and 5 are about the same length, of 20-21 pts, a common relationship when wave 3 extends. Tonight's STU note...
Nice blog you have going, I just ran across it for the first time, I do have a count where todays low was the 3rd wave as you described above. http://ewtrendsandcharts.blogspot.com/
First Wave Down Has Ended - Bounce Ahead
The wave count looks pretty clear: five waves down ended this morning. Wave 4 went back only 1/3 of wave 3, not quite the expected 38%, indicating the downward pressure is strong. Waves 1 and 5 are about the same length, of 20-21 pts, a common relationship when wave 3 extends. Tonight's STU note...
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Aug 28, 2009
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