When you use a system like Elliott Wave (or anything else), it’s important to know what it can do and what it can’t do. Range-bound markets, especially near potential turning points, are particularly brutal on most forms of technical analysis.&n…
Recently it seems that virtually everytime there’s a choice between a bearish count and a bullish count, the bullish count wins. This was once again the case yesterday, as the bulls did what they needed to in order to knockout the bear coun…
Today could be a key day toward gaining more confidence in one of the two main counts, because — as those of you who own digital watches already know — today is the first of May. The first of any month is frequently bullish,…
No one can deny that many indicators look bullish right now. The bears are rapidly running out of real estate, and the Dow in particular is within a stone’s throw of making new highs.
However, the burden of proof is now on the bulls. …
Yesterday’s count expected further upside, which is what the market provided. At this stage, there’s just not much to add. This remains one of the more challenging structures I’ve had to decipher in some time, but if the expanded …
This market remains a mess, though perhaps some semblance of order is beginning to emerge from the chaos. Way back on Friday the 13th, I suggested that the market would form some type of “double retracement” due to the extended fifth wave. …
I’ve been trying to reconcile the counts across market, and may have found a solution tonight. Each market gives a bit different appearance, and readers know I’ve referred back to RUT several times, which argues that the next low (assuming …
As I’m certain some of you read in the comments section, there was a death in my family yesterday, so I’m going to need to keep a bit lighter schedule through the remainder of the week. My thanks to those of you who have expressed …
The charts are an absolute disaster right now. I’ve looked at roughly 20 million charts this weekend, but there are so many possibilities, it simply becomes confusing to try and cover them all. This update was a whole lotta work for very li…
Today’s update is going to be very short and sweet, due to time constraints I ran into with some family issues.
There are two reasonable ways to view the most recent action, as shown on the chart below. The good news for bears is that the rally …
