elltoday

ELL                                                              

                                                                                   ...riding the waves with confidence

 

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This is probably the most  
comprehensive trading education
on how to project high probability 
time & price targets based on 
Elliott Wave pattern structure.


In The Elliott Wave Principle — A Critical Appraisal, Hamilton Bolton made this opening statement:

As we have advanced through some of the most unpredictable economic climate imaginable, 
covering depression, major war,and postwar reconstruction and boom, I have noted how well 
Elliott's Wave Principle has fitted into the facts of life as they have developed, and have 
accordingly gained more confidence that this Principle has a good quotient of basic value.

"The Wave Principle" is Ralph Nelson Elliott's discovery that social, or crowd, behavior trends 
and reverses in recognizable patterns. Using stock market data as his main research tool, Elliott 
discovered that the ever-changing path of stock market prices reveals a structural design that in
turn reflects a basic harmony found in nature. From this discovery, he developed a rational system 
of market analysis. Elliott isolated thirteen patterns of movement, or "waves," that recur in market 
price data and are repetitive in form, but are not necessarily repetitive in time or amplitude. 

He named, defined and illustrated the patterns. He then described how these structures link together
to form larger versions of those same patterns, how they in turn link  to form identical patterns of the
next larger size, and so on. In a nutshell, then, the Wave Principle is a catalog of price patterns and 
an explanation of where these forms are likely to occur in the overall path of market development. 
Elliott's descriptions constitute a set of empirically derived rules and guidelines for interpreting 
market action.  Elliott claimed predictive value for The Wave Principle, which now bears the name,  
"The Elliott Wave Principle."

 

 

 

TradingDESK

 

 

GOLD (GCY00) daily

© ELLIOTT today, August 26,2014

EW-Analysis >>>

 

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Third Wave Down (2) - Down The Line....

EURUSD 120min.
- © ELLIOTT today, Aug 26,2014

EW-Analysis >>>

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Topping (2)

SPX 30minute, Aug 26,2014 - End of Day
© ELLIOTT today 

EW-Analysis >>>

 

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"The Most Bearish Pattern !!"

DJIA, 60min., Update
© ELLIOTT today, Aug 21,2014

EW-Analysis >>>

 

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The Five-Wave Pattern (4)

SPX Weekly (Update), © ELLIOTT today, , Aug 20 ,2014 

EW-Analysis >>>

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Fibonacci Retracements (2)

SPX 30minute, Aug 15,2014 - End of Day
© ELLIOTT today 

EW-Analysis >>>

 

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DAX - Down The Line  [2]
© ELLIOTT today, Aug 14,2014

EW-Analysis >>>

 

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A-B-C  [2]

SPX 30minute, Aug 13,2014 - End of Day
© ELLIOTT today 

EW-Analysis >>>

 

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A-B-C

SPX 30minute, Aug 12,2014 - End of Day
© ELLIOTT today 

EW-Analysis >>>

 

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Turning Point ? (2)

SPX 30minute, Aug 11,2014 - End of Day
© ELLIOTT today 

EW-Analysis >>>

 

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Make It OR Break It

DJIA, 60min., Update
© ELLIOTT today, Aug 10,2014

EW-Analysis >>>

 

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Turning Point ?

SPX 30minute, Aug 8,2014 - End of Day
© ELLIOTT today 

EW-Analysis >>>

 

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5 Waves Down !

SPX 30minute, Aug 7 ,2014 - End of Day
© ELLIOTT today 

EW-Analysis >>>

 

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Bullish Divergence !

SPX 30minute, Aug 6,2014 - End of Day
© ELLIOTT today 

EW-Analysis >>>

 

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It's All About  5s and 3s

SPX 10minute, Aug 5,2014 - End of Day
© ELLIOTT today 

EW-Analysis >>>

 

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The Most Bearish Pattern !

DJIA, Update
© ELLIOTT today, Aug 4,2014

Elliott Wave Analysis  [60min. Chart, DJIA  16,569.28]
Diagonal Triangle:  [EWP p.31, Frost & Prechter jr., 1990]

EW-Analysis >>>

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Diagonal Triangle (2)

EURUSD daily
- © ELLIOTT today, Aug 1,2014

EW-Analysis >>>

 

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The Five-Wave Pattern (3)

SPX Weekly (Update)

© ELLIOTT today, , Aug 01 ,2014 

EW-Analysis >>>

 

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Third Wave Down (3)

SPX 10minute, Aug 1,2014 - End of Day
© ELLIOTT today 

EW-Analysis >>>

 

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Pullback (s)

SPX 10minute, July 30,2014 - End of Day
© ELLIOTT today 

Yesterday, I said, "ML-2 points to much lower prices directly ahead. 
Possible target : below 1,960s."
 

EW-Analysis >>>

 

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LongTerm Channel Break !

SPX 30minute, Aug 01 ,2014
© ELLIOTT today 

EW-Analysis >>>

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1-2 Series ?

SPX 10minute, July 29,2014 - End of Day
© ELLIOTT today 

EW-Analysis >>>

 

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Triangle Thrust

SPX 10minute, July 28,2014 - End of Day
© ELLIOTT today 

The alternate count shown yesterday comes into the prefered count today. 

EW-Analysis >>>

 

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Last Hurrah

SPX 10minute, July 25,2014
© ELLIOTT today 

"Remember this headline ? It came out on July 14,2014 as the market 
surged higher

EW-Analysis >>>

 

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Fifth Wave

SPX 15minute, July 22,2014
© ELLIOTT today 

EW-Analysis >>>

 

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The Five-Wave Pattern

SPX 30minute, July 17,2014
© ELLIOTT today 

EW-Analysis >>>

 

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Specials:

Elliott Waves, Fibonacci & Trendchannels

SPX daily [Big Picture]
© ELLIOTT today, July 7,2014

EW-Analysis >>>

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DAX :  10,000 - What Now ? 

© ELLIOTT today, July 6,2014

EW-Analysis >>>

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Oh my god - Elliotter know better. 


"US markets continued to trend strongly higher on the holiday-shortened session helped by better-than-expected payroll 
growth from June," writes Minyanville staff Thursday. O.K. that's right - but strictly speaking - not news, actually. 
Elliott-today.com posted charts of the S&P 500 index way in front of yesterday's news using wave form and wave structure. 
Here is a text from November 28,2013 ELLtoday made with respect to the DJIA: >>>

 

Riding High (2) -  [Critical Juncture]

SPX 10minute, July 01,2014
© ELLIOTT today 

EW-Analysis >>>

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Fibonacci : SPX 2009 - 2014

© ELLIOTT today, June 30,2014

EW-Analysis >>>

 

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"5 Waves up Complete"

DJIA, Update
© ELLIOTT today, June 28,2014

The weekly chart shows the market once again touched the upper parallel
line of an Elliott trend channel,


EW-Analysis >>>

 

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Watch Out !!

SPX 120minute, May 30,2014
© ELLIOTT today


Chart: Barchart.com

Copyright © 2013 ELLIOTT today. All Rights Reserved.  None of these stocks are buy or sell recommendations. 
There is a high degree of risk in trading.
 CLICK HERE FOR FULL RISK DISCLOSURE.

 

Elliott Wave Analysis [1,920.03]

The 120minute-chart of the SPX displays the movements of the index starting 
from the low of October 9,2013.  To apply the Wave Principle correctly, you must 
follow its three cardinal rules put forth by R.N.Elliott:

EW-Analysis >>>

 

 

 

 

The Elliott Wave Principle

In the 1930s, Ralph Nelson Elliott, a corporate accountant by profession, studied price movements in the financial markets and observed that certain patterns repeat themselves. 

He offered evidence of his discovery by making a number of accurate stock market forecasts. What appears random and unrelated, Elliott said, is actually tracing out a recognizable 
pattern once you learn what to look for. Elliott called his discovery "The Wave Principle," and its implications were huge. He had identified the common link that drives the trends
in human affairs, from financial markets to fashion, from politics to popular culture.

Robert Prechter, Jr., president of Elliott Wave International, resurrected the Wave Principle from near obscurity in 1976 when he located copies of R.N. Elliott's books in the New York 
Public Library. Robert Prechter, Jr. and A.J. Frost published Elliott Wave Principle in 1978. The book received enthusiastic reviews and became a Wall Street bestseller.
In the late 1970s, gloom was pervasive, but in Elliott Wave Principle, Prechter and Frost called for a roaring bull market akin to that of the 1920s, to be followed by a record bear market. 
As the stock market rose, knowledge of the Wave Principle among private and professional investors grew dramatically.

When investors and traders first discover the Elliott Wave Principle, there are several reactions:

  • Disbelief that markets are patterned and largely predictable
  • Joy at having found a “crystal ball” to foretell the future
  • And finally the correct, and useful response – “Wow, here is a valuable model I should learn to use.”

Just like any system in nature, the closer you look at wave patterns, the more structured complexity you see. It is structured, because nature’s patterns build on themselves, 
creating similar forms at progressively larger sizes. You can see these fractal patterns in botany, geography, physiology and the things humans create, such as roads, residential 
subdivisions… and – as recent discoveries have confirmed – in market prices. 

The first step in Elliott wave analysis is to identify patterns in market prices. At their core, wave patterns are simple; there are only two types: “impulse waves,” 
and “corrective waves.”

 

 

 

 

Basic Elliott Wave Pattern

 

 

 

 

Impulse waves are composed of five subwaves (labeled as 1, 2, 3, 4, 5) and move in the same direction as the trend of the next larger size. 
Impulse waves are so named because they powerfully impel the market.

A corrective wave follows, composed of three subwaves (labeled as a, b, c), and it moves against the trend of the next larger size. 
Corrective waves accomplish only a partial retracement, or "correction," of the progress achieved by any preceding impulse wave.

As the figure above shows, one complete Elliott wave consists of eight waves and two phases: five-wave impulse phase, whose subwaves
are denoted by numbers, and the three-wave corrective phase, whose subwaves are denoted by letters.

R.N. Elliott was not an ivory tower theorist. He set out to observe and then describe how the market actually behaves. Later he realized that 
his model had an important theme of self-similarity and a relationship to nature. There are a number of specific variations on the underlying pattern, 
which Elliott meticulously described and illustrated. He also noted the important fact that each pattern has identifiable certainties as well as 
tendencies
. From these observations, he was able to formulate numerous rules and guidelines for proper wave identification. A thorough knowledge 
of such details is helpful in understanding what a market can do, and at least as important, what it will not do.

You have just begun to learn the power and complexity of the 
Elliott Wave Principle. So, don't let your Elliott wave education end here. 

Join Elliott Wave International's free Club EWI and access the 
Basic Tutorial: 10 lessons on The Elliott Wave Principle
and learn how
to use this valuable tool in your own trading and investing.

 

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Testimonies

"I am very impressed with the S&P charts you posted on ELLIOTT today".  Wed, 26 Mar 2008, Sincerely Gecchi Sim

BTW, you guys are still da best wavy-gravy on da net - bar none! And you can quote me on that!!  scamman,  clearstation.etrade.com

I just recently discovered your website, I like your clearly labelled charts. I haven't been able to find any sites with Elliott wave charts that even come close to yours! Your SPX charts have been a great reference to me for clearing up the smaller details.Best Regards, Brad,

I have never yet utilized an advisory service like yourself. To be very truthful can see the benefits of it. Alex

EXCELLENT job on your new chart!! I'm glad to see that because I have thought for a while that the real bottom was in March . I traded it and it felt like the real one instead of 2002, the transports bottomed there, and the rise from the 2002 is ugly. Since the street was so convinced of it I didn't bother pushing it. Lots of great work on that chart. Since now I can go along with that since you gave me confidence, I wouldn't see it ending here, but I have some real good Fib work that has caught these turns very well from 2003 low and there is no doubt that this market is trying to finish up the last Fib at 1242!!. With that, it can end closer to your 1250 in a blowoff Diagonal or the rest of the worlds 1260 area where the .618 from ATH's are. I dont think the market gives them the .618.  Dom

Hi, Just saw your Diagonal idea and love it! I always thought that it was an E at the same time the dow bottomed but didn't see a way to label it. Nice job! lets see what happens. 

Elliott-Today was the site I got the diagonal count from. Their main guy is a brilliant wave counter who has caught the majority of the swings this year on an intraday basis using Andrew's Pitchfork. They have a very interesting chart on that site that outlines the diagonal triangle. EN, Can

Great call this morning! I caught most of the move up. Do you think the current consolidation is a fourth wave? Thanks, Eric

The best wavy-gravy on the net, nonetheless. Enjoy! Clearstation

Hey John - These guys cook up the best wavy gravy on the net - BAR NONE - so I'm salivating as I wait for dinner to be served! The appetizer last week was delicious. Enjoy! Clearstation,

"hi ernie - These guys make the best wavy-gravy calls, period." [clearstation.com]

"Hi John - The Elliott chart I cited yesterday12:43 PM turned out to be the most prescient one of all - projected 1128; SPX high of day was 1127.65. Not too shabby!

"....thank You, I am very greatful to read your site Elliott today.  It is really one of the best Elliott sites i have ever seen..."

Hi Karl: I enjoyed your long-term analysis of gold as I have been trading it. (EN)

 

 

 

 

 

 

 

 
 

[ Home ] sptd2014 ] EW-International ] EWP ] HumanSocialBehavior ] Disclaimer ] Info ]

Copyright ©  2014 ELLIOTT today. All Rights Reserved.  None of these stocks are buy or sell recommendations. 
There is a high degree of risk in trading. 
CLICK HERE FOR FULL RISK DISCLOSURE.

The Elliott Wave Principle is a detailed description of how markets behave. The description reveals that mass investor psychology swings from  
pessimism to optimism and back in a natural sequence, creating specific patterns in price movement.Each pattern has implications regarding  the 
position of the market within its overall progression , past, present and future. The purpose of this publication and its associated services is  to 
outline the progress of markets in  terms of the Elliott Wave Principle and to educate interested partiesin the successful application of the Elliott 
Wave Principle. This is probably the most comprehensive trading education on how to project high probability time & price targets based  on
 Elliott Wave pattern structure.