Showing posts with label indexes. Show all posts
Showing posts with label indexes. Show all posts

Sunday, September 26, 2010

SPY: elliot wave bear count

In opposition to this bull count, I am following this bear count. May be we are seeing the final stage of the wave 2, and we should have a big drop next week if this EW count is the right scenario. I am following two alternative scenarios. This is the bear:


The big picture. If we use some imagination, don't you think that this chart looks like a big inverted Head & Shoulders pattern, in which the white line is the neckline?


Fibonacci's retracements:


Wednesday, September 1, 2010

Updating my EW count on the S & P 500

I think we had a complex correction pattern: a triple sideway pattern. I am checking proportions, but the basic rules are accomplished. If it breaks 1010, this count is ruled out.




Saturday, August 28, 2010

Updating some indexes

Some possibles count for the wave 4:












This are some possible long term EW counts for the most important indexes.

DOW JONES INDUSTRIAL:



LONDON FINANCIAL TIMES STOCK EXCHANGE:




DOW JONES TRANSPORTS:




DOW JONES US FINANCIAL INDEX:

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