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DJIA Elliott Wave Analysis – 13th January, 2012

by | Jan 14, 2012 | DJIA

Elliott Wave chart analysis for the DJIA for 13th January, 2012. Please click on the charts below to enlarge. Wave (2) black is seen as an incomplete double zigzag correction with a zigzag for wave W blue joined by a three for wave X blue. Within the last zigzag...

S&P 500 12th January, 2012

by | Jan 12, 2012 | S&P 500 | 2 comments

Price has moved mostly sideways, and very slightly higher, during Thursday’s session which fits our hourly alternate wave count best. I expect another fourth wave correction has ended and we are almost at the end of a third wave. There will be one more time...

S&P 500 11th January, 2012

by | Jan 11, 2012 | S&P 500 | 2 comments

The S&P 500 behaved mostly as expected during Wednesday’s session, moving first lower to 1.59 points below our short term target, before turning higher and ending up very close to where the market opened. With the likely end of another fourth wave...

S&P 500 10th January, 2012

by | Jan 10, 2012 | S&P 500 | 2 comments

As expected the S&P 500 moved higher passing straight through our target for this session, and reaching up to our next target which we did not expect to be reached until later this week or early next week. The structure unfolding still requires further movement....

S&P 500 9th January, 2012

by | Jan 9, 2012 | S&P 500

The fourth wave triangle remains valid and price has moved higher as expected. Price remains well contained within the parallel channel on the hourly chart, and it is likely to continue within this channel while the rest of this structure unfolds towards our targets....

S&P 500 6th January, 2012

by | Jan 8, 2012 | S&P 500 | 4 comments

We had expected the S&P 500 to move higher during last week and it has. Sideways movement is probably a time consuming fourth wave triangle. Our target for upwards movement to end may finally be reached next week. We should continue to use the parallel channels...

DJIA Elliott Wave Analysis – 6th January, 2012

by | Jan 8, 2012 | DJIA

Elliott Wave chart analysis for the DJIA for 6th January, 2012. Please click on the charts below to enlarge. Wave (2) black is seen as an incomplete double zigzag correction with a zigzag for wave W blue joined by a three for wave X blue. Within the last zigzag...