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Monthly Archives: May 2012
thursday update
SHORT TERM: market heads lower then bounces, DOW -26 Overnight the Asian markets were -0.8%. European markets opened lower but closed mixed. US index futures were higher overnight, then started to weakend after a few economic reports. At 8:15 the ADP … Continue reading
wednesday update
SHORT TERM: gap down open, DOW -161 Overnight the Asian markets were lower losing 1.0%. Europe opened lower and closed down 1.9%. US index futures started heading lower late yesterday after the ECB declined to participate in the bailout of … Continue reading
tuesday update
SHORT TERM: gap up rally, DOW +126 Overnight the Asian markets gained 0.7%. European markets gained 1.1%. US index futures continued their holiday rally, and the market gapped up to SPX 1326 at the open. The SPX had closed at … Continue reading
holiday update
SHORT TERM: futures rise, YM (DOW) +45 Overnight the Asian markets rose 0.6%. Europe opened higher but declined losing 0.2%. US markets were closed for the Memorial Day holiday. At the close of holiday futures trading ES (SPX) +6.50 and … Continue reading
weekend update
REVIEW Markets rebounded this week after last week’s nasty selloff. Last week’s decline of SPX/DOW 3.9% was the largest weekly decline in six months. The previous one was the week of November 21, 2011: a 4.75% decline that marked the end … Continue reading
the ELLIOTT WAVE lives on 
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