We need to see breaking the main resistance at 17.74 in five waves to have buy signal, of course after brief test the support/resistance at 15.50. Be prepared.
May 13, 2010
Sugar
Probably the sugar is rolling over for upward correction. Since February 2010 top the commodity has dropped down in five completely clear waves. And they look completed for now.
We need to see breaking the main resistance at 17.74 in five waves to have buy signal, of course after brief test the support/resistance at 15.50. Be prepared.
We need to see breaking the main resistance at 17.74 in five waves to have buy signal, of course after brief test the support/resistance at 15.50. Be prepared.
May 9, 2010
Apr 28, 2010
DAX-Elliott wave update
Well, the picture doesn't seem as bearish as all the bears wish (short term I am bear too).
The chart below shows my primary count, which was relabeled a little. I am just trying to fit the labels to one incomplete (to me) pattern. At other hand on daily time frame the market tries to produce reversal candle from todays low (6023). One more reason, which makes me feel little confused is the full moon cycle. According to the moon calendar today 28/4/10 is the full moon. According to my 14 months research about the connection between the moon and the stock market reminds me that todays moon influence could kick off the market (indexes) higher. That is a fact every time, when the full moon occurs .The chart's look confuses even me. Next time I promise neater charts looking.
The chart below shows my primary count, which was relabeled a little. I am just trying to fit the labels to one incomplete (to me) pattern. At other hand on daily time frame the market tries to produce reversal candle from todays low (6023). One more reason, which makes me feel little confused is the full moon cycle. According to the moon calendar today 28/4/10 is the full moon. According to my 14 months research about the connection between the moon and the stock market reminds me that todays moon influence could kick off the market (indexes) higher. That is a fact every time, when the full moon occurs .The chart's look confuses even me. Next time I promise neater charts looking.
Apr 26, 2010
DAX - Elliott wave update
DAX didn't get support in last few days heights.STOXX50, AEX, FTSE100 etc. denied to follow their European brother. That usually means trend change or correction in the current time frame. According to the wave count (5)th wave is not complete yet. Most acceptable price level for reverse looks around 6480 level.
Apr 23, 2010
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