A reader requested an Elliott Wave count on the Baltic Dry Index to compare that count to the $CRB or Commodity Index to note any differences. Let’s compare the two indexes and price structures. First, the Baltic Dry Index is mainly a survey of the price of transporting raw materials. From the Wikipedia article, the…
Tuesday’s trading action in the US Equity Markets was a fascinating experience in some ways – from the filled morning gap to the rounded reversal to the end-of-day reversal rally – all of which took place in two observable Elliott Wave impulse moves worth viewing. Let’s look at it all! DIA 5-min chart: The day…
A reader recently asked me to give a look at the German DAX Index in terms of a possible Elliott Wave Count to see how it related to the US Equity Indexes. Here is my preferred count on the DAX Index on both the Weekly and then zooming in on the fractal Daily Count: German…
Adam Hewison released a video yesterday regarding Monday’s bearish move and where it occurred in context and what it might mean for the broader market – it’s definitely worth viewing to see his views and price projections. Entitled “The Dow Crash,” though it isn’t as tragic as it sounds, Hewison takes us through line, bar,…
There’s so much to write tonight, but let’s focus first on the wild and unexpected events that occurred during the trading day which will be classified as a failed gap fade, failed “rounded reversal,” and – depending on your stop-loss placement – successful trend day down. DIA 5-minute chart: Let’s start by discussing the overnight…
I’ve had a couple of questions recently on the meaning of price ‘structure’ so I thought I’d take this opportunity to explain it and show an example of how analyzing price structure can give you a guideline in your trading. Let’s think of ‘structure’ as components that hold up price, or the arrangement of price…
Commodities across the board have taken massive falls throughout 2008. Let’s take a look at a possible Elliott Wave Analysis for the monthly and daily $CRB Commodity Index to see if we can place these moves within a broader structure. CRB Index Monthly : This structure takes price from the 1999 lows as the start…
We’ve had a steady rally all last week in the major US Equity Indexes, but let’s focus on the technical position of the S&P 500 and view both the daily and weekly charts and note possible projections and confluences. S&P 500 Daily: Price is clearly in a daily downtrend with a distinct series of lower…
I hope everyone had an excellent Thanksgiving! Let’s end the week by checking out a few links courtesy NewsFlashr Business and Blog section to head us into perhaps an early weekend. The StockMasters asks is Google (GOOG) stuck at $250 a share? Bespoke Group shows research which declares this The Most Volatile Market Ever. They…
A reader brought to my attention to look at the Elliott Wave Count for the Euro Index, and there’s an interesting development you might find interesting, or want to share you interpretation of what the count might be, or what might be in store next for the Euro. First, let’s set the stage with a…