Monthly Archives: October 2005

weekend…extra…plus new charts

Good news! I can count 5 waves up in the SPX (from 10/20) and DOW (from 10/21) on the 15 minute charts (posted). They were both heavily corrected wednesday/thursday, as the selling aligned with the correction in the NAZ’s first 5 … Continue reading

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weekend update

I am still 100% long the NAZ, and bullish…here’s why:   After two weeks of watching the SPX do it’s bungee chord routine (establish a low, and then retest it three times), the NAZ has been gradually moving higher in … Continue reading

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thursday update

When all news becomes ‘bad news’ the markets do panic these days. It started in Europe overnight with the DAX (-2%) and the FTSE (-1%) putting pressure on our futures contracts, and we opened slighly lower. Then, when the semi conductors started to … Continue reading

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my fundamental view exactly

I came across this newsletter while doing some research on the internet. The author seemed to piece together exactly what I have been thinking throughout much of the year. I quote;   Investing and the big picture of the world. … Continue reading

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wednesday update

A little bit of a tricky day today, as the NAZ (2121) and SPX (1204) made new highs for the move. Yet we closed lower on the day right at, or near, the support EW pivots: NAZ (2098) and SPX (1191). A two day … Continue reading

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tuesday update

The market consolidated it’s recent gains today with a slight pull back in all three indices. After making marginal new highs for the move in the first hour (NAZ 2116, SPX 1201) , the bears must of have become excited, … Continue reading

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the next major advance is underway

With the NAZ reaching our minimum three day target of 2115 for an impulse wave kickoff today, wave iii of 3 of V has officially began. The SPX did fall short of our 1208 target, closing at 1199. However, since … Continue reading

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objective EW defined…weekend update is below

The Elliott Wave is not a mystery, at least my version of it. Simply because, what I call Objective EW, has little subjectivity to it. Allow me to explain. EW is best used for identifying long term trends, sorry not … Continue reading

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weekend update…it’s time!

Are we finally ready for a sustained upside rally? Is the market ready to turn out the lights on the bears "bull bashing" party? Or, does the market have more downside ahead? I believe the answer for all three questions is … Continue reading

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interesting market

We seem to be running into resistance here at NAZ 2098, the high today 2096. And, the SPX is having problems holding 1191, an important support level. The market seems to be at a crucial juncture: retest the lows again, … Continue reading

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