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DJIA Elliott Wave Analysis – 25th May, 2012

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...

DJIA Elliott Wave Analysis – 4th May, 2012

Movement to a new high above 13,297.11 invalidated the main wave count and confirmed the alternate. I have two wave counts for next week. We have a confirmation / invalidation point to the downside which clearly differentiates the two wave counts. Movement below this...

DJIA Elliott Wave Analysis – 20th April, 2012

I had expected downwards movement for the Dow as most likely for this week. This is not what we have seen, but upwards movement looks strongly corrective and price remains below the invalidation point on our main wave count. If my main wave count is correct then next...

DJIA Elliott Wave Analysis – 13th April, 2012

Downwards movement during the last week breached our invalidation point on the main wave count, but it was expected for our alternate. I have a new main wave count for you to end the week. The alternate is little changed and remains valid. When the channel on the...

DJIA Elliott Wave Analysis – 5th April, 2012

The Dow has moved sideways since our last analysis.  The alternate hourly wave count that expected a trend change has been invalidated leaving the main hourly wave count valid. We only have one hourly wave count today and if it is invalidated then we would switch to...