DJIA on CFD - daily is still in the bullish zone( above 45 degree)
MARKET FORECASTING, USING GANN'S ASTROLOGY METHODS, ELLIOTT'S WAVE PATTERNS AND FIBONACCI LEVELS
Aug 15, 2010
Aug 13, 2010
SUGAR- Elliott Wave Update- Friday the 13th
No surprises here. The entire corrective rally started in 5/7/2010 still continues. Since my last update the price action painted H&S pattern as I expected.
Aug 12, 2010
SP 500 - "Y" wave might began
Despite my expectations for higher levels the bigger pattern "W,X,Y" still remains valid, just one more stop hit, refreshing my face. So, I just have to kick myself back in the race.
This time I come up with a candlestick count, which perfectly fits the Fibonacci Sequence numbers as tops and bottoms, taking the top, made in 4/26/2010. I have included a charting tool as well, which helps me to determine support/resistance levels and potential target zones. That tool is made, based on Fibonacci and Gann calculations. Now I am testing it. If it works properly I will continue to use it, combined with wave count.
This time I come up with a candlestick count, which perfectly fits the Fibonacci Sequence numbers as tops and bottoms, taking the top, made in 4/26/2010. I have included a charting tool as well, which helps me to determine support/resistance levels and potential target zones. That tool is made, based on Fibonacci and Gann calculations. Now I am testing it. If it works properly I will continue to use it, combined with wave count.
Aug 4, 2010
CFD SP500 - One more bullish weekly signal
We have one more strong buy signal on weekly base, given by the MACD(circled in red) . I've noticed that the big shots open their thick wallets in such cases as well.
The price currently is licking the upper channel line, but it's still in.
The calculated short term target on daily base becomes more real in case we break the channel upward and close above it. Short break around 1138 could accumulate little more buying power.
Cover at 1150.
Stop at 1085 if something went wrong.
Good luck!
Aug 2, 2010
SP 500
I calculated new price target for SPX cash index. That 1149 target responds to 90 degree Gann angle. 1010,91 is taken as low point. The calculation is based on my Square of Nine calculator. We need to overcome 1131.23 first, where the 45 degree is. I think it won't be a problem for the bulls.
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