The tape looks almost the same from Friday's close price. Fifth 5 wave seems expanded. There is one more alt. scenario, where the selling pressure might extend that fifth 5 wave, breaking more important support level 5 096, but I think the skinny dipping will be delayed few days(week). Fifths sometimes expand around support/resistance levels , where the battle among bulls & bears is stronger.
See you around the end of wave (2) or (B).
MARKET FORECASTING, USING GANN'S ASTROLOGY METHODS, ELLIOTT'S WAVE PATTERNS AND FIBONACCI LEVELS
Jan 31, 2010
Jan 29, 2010
FTSE100 - Elliott Wave count
Our friends from UK already made their five waves down on FTSE100 index. My expectations are for corrective bounce up to the red target box next week. Full moon is coming :))) I mean the moon has the power to make flood tides and ebbs.
After more than two years, I am sure, that the full moon has the power to influence upon the stock market as well every month,,,, with no exception.
Jan 28, 2010
EUROSTOXX50.I- Elliott wave count
Elliott Wave Update - short term bullish signals
My advice for the greenhorns, is to stay aside, waiting for higher levels for shorting the market. Because, I expect five waves up for (C) wave of an "expanded flat".
Good luck!
Jan 25, 2010
Dow ---- WOW !!!
Wow !!!- DJIA made 568 pts decline for only 3 sessions, I haven't seen such a long leg down lately, and hasn't finished yet. The waves are so clear --- even suspicious clear. Just have a look at the 10 min chart.There is not much to explain what do I expect --Few more points down, and then few days for any A,B,C to correct the first wave.
Long term I left the door open for one more "zig-zag" and higher high to hit the H&S target, but let the time prove it. It depends on that how low will dip the market price. However, let the bear play it's dance and get some"SHORT" answers.
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