by Lara | Feb 5, 2013 | S&P 500, S&P 500 + DJIA |
Movement to a new high above 1,514.41 invalidated the main wave count and confirmed the alternate. We have just the one wave count again and the target is the same as yesterday. The structure again must be incomplete. Click on the charts below to enlarge. The...
by Lara | Feb 4, 2013 | S&P 500, S&P 500 + DJIA |
Last analysis expected a little more upwards movement to a target at 1,518 to 1,519 before a trend change. However, price has moved lower to reach below the invalidation point on the hourly chart. I have the same main wave count with an hourly chart, and a new...
by Lara | Feb 3, 2013 | DJIA, S&P 500 + DJIA
Last week’s analysis expected more upwards movement from the Dow for the week which is what has happened. Again at this stage the wave count may be seen as complete at all wave degrees. I have a main and an alternate hourly chart for you. We may use invalidation...
by Lara | Feb 3, 2013 | S&P 500, S&P 500 + DJIA
Last analysis expected more upwards movement from the S&P 500 towards a target at 1,518 to 1,519. Price has risen during Friday’s session as expected, and the target is not yet met. The structure on the hourly chart looks very typical and price remains well...
by Lara | Feb 1, 2013 | S&P 500, S&P 500 + DJIA
The main wave count from last analysis expected more upwards movement for the session (after a small dip down) while the alternate expected downwards movement. At this stage it is too early to decide which wave count is correct and so we should assume the trend...