by Lara | May 18, 2013 | S&P 500, S&P 500 + DJIA
Last analysis expected it was most likely we should see overall downwards movement which should be choppy and overlapping, for another one to two sessions. This is not what happened. Price has moved higher so the probability the correction was brief and is over has...
by Lara | May 17, 2013 | Apple
Analysis of AAPL at the beginning of this week expected upwards movement extremely likely to move above 469.95. Price did not move higher, and although the wave count is not yet invalidated at the hourly chart level it does not look right. I have adjusted the wave...
by Lara | May 17, 2013 | S&P 500, S&P 500 + DJIA
Yesterday’s analysis expected upwards movement to a short term target at 1,666 to 1,669 before price turned downwards to begin a fourth wave correction. We did see upwards movement but it was very slight and fell short 5.49 points short of the target. A recent...
by Lara | May 16, 2013 | Gold
Last week’s analysis of gold expected downwards movement to a target for the week at 1,416. So far price has reached 28.74 below the target. Price is on track to meet the first target on the daily chart at 1,276. Click on the charts below to enlarge. This daily...
by Lara | May 15, 2013 | S&P 500, S&P 500 + DJIA
Yesterday’s analysis expected more upwards movement from the S&P 500 which is what happened. Price is now very close to the short term target. Price found resistance at the upper edge of the parallel channel on the hourly chart during Wednesday’s...
by Lara | May 15, 2013 | US Oil
Last week’s analysis expected oil to move lower which is what has happened. The channel about the last upwards wave on the daily chart is now breached providing trend channel confirmation of a trend change back to the downside for oil. Click on the charts below...
by Lara | May 14, 2013 | S&P 500, S&P 500 + DJIA
Last analysis expected the S&P 500 had entered a fourth wave correction. The alternate hourly wave count looked at the possibility that the fourth wave had not yet arrived. Upwards movement confirms the alternate hourly wave count. Click on the charts below to...
by Lara | May 14, 2013 | Apple
Last analysis expected a little more downwards movement to just below 453.70. Price has moved slightly lower to 450.48 so far, but has not convincingly turned upwards yet since the low. The wave count remains the same. I still expect it is highly likely price will...
by Lara | May 13, 2013 | S&P 500, S&P 500 + DJIA
Last analysis expected upwards movement for Monday’s session which is what happened. Price is well short of the target but the structure is incomplete. Click on the charts below to enlarge. This trend is not over and price should continue to move higher for...
