by Lara | Dec 19, 2013 | S&P 500, S&P 500 + DJIA
The short term target on the hourly chart for Wednesday was at 1,765. Price reached down to 1,767.99, just 2.99 points short of the target, and ended with a slight overshoot of the midline of the parallel channel. Thereafter, price turned strongly upwards exactly as...
by Lara | Dec 18, 2013 | S&P 500, S&P 500 + DJIA
Last analysis expected downwards movement for Tuesday’s session which is exactly what happened. The short term target has been recalculated. The wave counts remain the same. Click on the charts below to enlarge. Main Wave Count. This wave count has a higher...
by Lara | Dec 17, 2013 | FTSE, FTSE Historical
Last analysis expected downwards movement to be a second wave correction. This now looks very unlikely because the second wave would have breached the lower edge of an acceleration channel drawn about the first and second wave of one degree higher. What is now more...
by Lara | Dec 17, 2013 | S&P 500, S&P 500 + DJIA
Last analysis expected some more upwards movement towards a short term target at 1,789 before a trend change and more downwards movement. Price moved higher to reach 1,792.22 during Monday’s session and turned down a little at the end of the session. The wave...
by Lara | Dec 15, 2013 | DJIA, DJIA Historical, S&P 500 + DJIA
Click on the charts below to enlarge. Main Bearish Wave Count. Alternate Bullish Wave Count.
by Lara | Dec 14, 2013 | S&P 500, S&P 500 + DJIA, S&P 500 Historical |
Last analysis expected some upwards movement towards a short term target at 1,791 before more downwards movement. This is not what happened. Price moved sideways and a little lower in a quiet session for Friday the 13th. The wave counts remain the same. It is time to...
by Lara | Dec 12, 2013 | S&P 500, S&P 500 + DJIA
The main wave count was invalidated with movement below 1,775.22. The first daily alternate, with some small adjustment, remains valid and is now the main wave count. Yesterday’s second daily alternate actually has the best look, but we should always assume the...
by Lara | Dec 12, 2013 | S&P 500, S&P 500 + DJIA
I had expected more downwards movement to complete a second wave correction, but not as much as we have got, and I had expected it to be over during the morning of Wednesday’s session. The depth of this downwards movement over the last two days has made me step...
by Lara | Dec 11, 2013 | S&P 500, S&P 500 + DJIA
Last analysis expected some downwards movement for a second wave correction, but I had expected it to be over more quickly so as to not see a red candlestick on the daily chart. The wave count remains the same. Click on the charts below to enlarge. Main Wave Count....