FTSE100 - Elliott Wave update

          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).

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.

EUROSTOXX50.I- Elliott wave count

      
       One of my favorite European indexes is on the way to paint five waves downside as well.  Not much time for text, while I am at my day job.

I prepared two counts:

Alt. count.

Preferred count.

                                                       Long term expectations.

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!

  

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.