by Lara | May 12, 2013 | DJIA, S&P 500 + DJIA
Last week’s analysis expected more upwards movement from the Dow to a short term target at 15,083 – 15,108. Price reached 37 points above the target for the week. The wave count remains the same. Click on the charts below to enlarge. There are several...
by Lara | May 12, 2013 | S&P 500, S&P 500 + DJIA, S&P 500 Historical |
Last analysis expected upwards movement for Friday’s session. Price did move slightly higher for the session, but most movement was sideways. It is more likely now that the fourth wave correction is over and the fifth wave may have begun at the end of...
by Lara | May 10, 2013 | Trading Tips
Upon first hearing about the Elliott wave principle most people have one of two reactions. Many will disclaim the concept that it is social mood which moves the markets (it’s normal to think it’s the other way around) and they will insist that the market...
by Lara | May 10, 2013 | Apple
Last analysis expected upwards movement for Apple. Price moved a little lower and mostly sideways over the last three days, but remains above the invalidation point on the hourly chart (although this really is too far away to be useful). A breach of the parallel...
by Lara | May 9, 2013 | S&P 500, S&P 500 + DJIA
Yesterday’s analysis expected a little upwards movement to begin the session to a short term target at 1,634 to 1,637 before some downwards movement. Price reached higher during the start of the session, to 1,635.01, and thereafter moved lower which was...
by Lara | May 9, 2013 | Gold
Last week’s analysis of gold expected downwards movement. We have seen some downwards movement, but before price moved lower a breach of 1,485.49 invalidated the hourly wave count. Price remains below the invalidation point on the daily wave count. I have...
by Lara | May 8, 2013 | S&P 500, S&P 500 + DJIA |
Last analysis expected more upwards movement which is what we have seen. Price is on track to reach the short term target before we see a minute degree correction. The target remains the same and the wave count remains the same. To see when the next correction will...
by Lara | May 8, 2013 | US Oil |
Last analysis expected to see downwards movement after the channel drawn on the hourly chart was breached. The channel was breached, but thereafter price moved to a new high as a fourth wave correction continued deeper. This week the structure of this fourth wave is...
by Lara | May 7, 2013 | S&P 500, S&P 500 + DJIA
Last analysis main hourly wave count expected more upwards movement for Tuesday’s session, after a small fourth wave correction had completed. This is exactly what has happened. The alternate hourly wave count is not invalidated but now looks much less likely so...
