by Lara | May 25, 2013 | DJIA, S&P 500 + DJIA
Last week’s analysis expected further upwards movement from the Dow which is what happened. Price has found resistance at the upper edge of a long held parallel channel on the monthly chart. The wave count is slightly changed at minor wave degree. The target is...
by Lara | May 19, 2013 | DJIA, S&P 500 + DJIA
Last analysis expected more upwards movement from the Dow for the week which is what has happened. The wave count remains the same. Click on the charts below to enlarge. There are several possible ways to label this long upwards movement of intermediate wave (C). This...
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 5, 2013 | DJIA, S&P 500 + DJIA
Movement above 14,768.05 indicated a correction was over and a third wave upwards should have begun. However, choppy overlapping movement for the early part of the week was not a third wave. The third wave arrived on Wednesday. Click on the charts below to enlarge....
by Lara | Apr 28, 2013 | DJIA, S&P 500 + DJIA
Last week’s analysis expected upwards movement for the week which is exactly what happened. I expect the same next week although Monday and Tuesday may first take price lower for a second wave correction. Click on the charts below to enlarge. There are several...
by Lara | Apr 20, 2013 | DJIA, S&P 500 + DJIA
Last week’s analysis expected upwards movement. Price moved lower during the week but has remained just above the invalidation point at 14,382.09 so far. I have two new wave counts for you this week. We should always assume the trend remains the same until...
by Lara | Apr 14, 2013 | DJIA, S&P 500 + DJIA
Last week’s main wave count expected more upwards movement to a short term target for the week at 14,921. Price reached up to 14,887.51, 33.49 points short of the target. The alternate wave count was invalidated on Tuesday with a new high, and at that stage we...
by Lara | Apr 7, 2013 | DJIA, S&P 500 + DJIA
Last week’s analysis expected more upwards movement to a target at 14,658. Price did move higher as expected, reaching 14,684.49, 26.49 points above the target, before turning downwards. I have two wave counts for you this week. Because we should always assume...
by Lara | Mar 29, 2013 | DJIA, S&P 500 + DJIA
Last analysis expected a triangle to end for a fourth wave correction to be followed by more upwards movement to new highs. The triangle as I had it labeled on last week’s hourly chart was incorrect and was invalidated. However, a triangle did complete. The...
