by Lara | May 31, 2012 | S&P 500, S&P 500 + DJIA |
In yesterday’s analysis I expected a small upwards correction to be followed by downwards movement, and my wave count overall expected price to move lower. We have a new low today. The small correction I expected did not happen straight away, but looks like it...
by Lara | May 30, 2012 | S&P 500, S&P 500 + DJIA
As expected from yesterday’s analysis, there was almost no room left for upwards movement and price had to move lower. At this stage mid and long term targets remain the same. We may now also use Elliott’s channeling technique to show us where price should...
by Lara | May 30, 2012 | S&P 500, S&P 500 + DJIA |
Price has moved higher to complete a small correction. The triangle structure was invalidated, but price has remained below the invalidation point for the correction. I still have two daily wave counts, but both expect exactly the same direction next and targets are...
by Lara | May 27, 2012 | DJIA Historical
I currently have three monthly charts for the Dow. The main monthly wave count is the wave count I follow with daily analysis. It sees the Dow as within the second structure of a double flat or double combination at super cycle degree. The first alternate wave count...
by Lara | May 27, 2012 | DJIA, S&P 500 + DJIA
Price has moved mostly sideways for the whole week. I had expected a fourth wave correction to arrive last week, but I expected the third wave to move lower first, which did not happen. I still have just the one daily and one hourly wave counts this week. The...
by Lara | May 27, 2012 | S&P 500, S&P 500 + DJIA |
Price has again moved sideways within a very small range and this has prompted me to switch my main and alternate hourly charts around today. What was the alternate wave count now has the right look, with one subwave having moved slightly higher by 0.06 points. The...
by Lara | May 24, 2012 | S&P 500, S&P 500 + DJIA |
Price has moved sideways again in a decreasing range. My alternate hourly chart may be correct, which would explain all the sideways movement over the last few days. The mid term target for my main and alternate hourly charts is identical, the only question is when...
by Lara | May 23, 2012 | S&P 500, S&P 500 + DJIA |
Last analysis expected downwards movement during Wednesday’s session. The S&P 500 did make a new low, and thereafter bounced back upwards. Price remains below the invalidation point on the hourly chart and the wave count looks correct. I will expect the mid...
by Lara | May 22, 2012 | S&P 500, S&P 500 + DJIA |
I had expected overall downwards movement for Tuesday’s session and price has moved sideways closing less than a point higher than the open. I have only one daily wave count and two hourly wave counts again today. The main hourly wave count now has increased in...
