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Monthly Archives: October 2005
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
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
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
The market was definitely impressive today! I wrote just yesterday; "The potential for an impulse wave failed to materialize today (tuesday)…it was obvious this market did not have any upside conviction…Short term: the A wave appears to have ended … Continue reading
The potential for an impulse wave failed to materialize today. When the Nasdaq displayed a quadruple top in the low 2070’s (early monday into noon tuesday) it was obvious this market did not have any upside conviction. Thus, I would … Continue reading
Good Morning, COMPX (Nasdaq) 2099 INX (S&P500) 1205 INDU (Dow) 10,513 Added a new optimistic chart: SPX 2yr. These are print highs, all to occur by wednesday the latest. Best to your week!