Tag: SPX Elliott Wave Count

30

Aug2009

Smartp Map into 10/3/09.

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Based on the EWT count below, I am viewing 8/31-9/4 down series as an important tell for market direction as the July 12th wave seems to have ended on Friday, 8/28/09 or will end at market open on Monday, 8/31/09. Preferred View - 8/27-28 was a perfect hit low, into new highs ... Read More
August 30, 2009chanakya

22

Aug2009

An Alternate Scenario.

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Given the relative weakness in the blue chips, we might see them play catch-up to the broad market and continue higher into a Halloween turning point.  This is the alternative scenario (an alternative to a 9th September high). Under this scenario, we would see a peak above 10,000 on the Dow in ... Read More
August 22, 2009chanakya

09

Aug2009

SDS – No Where to Hide But Run UP! (08/09/09)

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Recap from 8/3/09 Post: "After the current merry go around between 970-1005 is over (a potential spike on 8/6th (1015-1018)?) – the scenario is increasingly bearish for SPX – I think I can count close to 5 waves up since July Blow-off sans a minor ivth and vth." - I was off ... Read More
August 9, 2009chanakya

15

Jun2009

EW Count from the March 6th 2009 Low

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The chart below is my primary EW count from the march low. I have marked in a complex wave X which began on May 8th and could be in the process of finishing. The heavy blue line at the 14.6% retracement is the primary target for this structure's wave end. ... Read More
June 15, 2009chanakya