11/06/09 16:36:32

 

 

NEW !!   FREE WEEK is here!   Elliott Wave Articles >>> free Black Monday: Ancient History Or Imminent Future? By Nico Isaac What does the U.S. stock market now have in common with the famous crash of 1929?  This news excerpt and chart from some of Bob Prechter’s latest analysis reveals startling.  Read More Earnings: Is That REALLY What's Driving The DJIA Higher? The idea of earnings driving the broad stock market is a myth. By Vadim Pokhlebkin With so much emphasis on earnings, this may come as a shock: The idea of earnings driving the broad stock market is a myth. -- Read More Gold: What's REALLY Behind the Record Rise, Bull or Bubble? October 20, 2009 By Nico Isaac When prices in a financial market go from Sea Level to Outer Space in a relatively brief time, two scenarios are at work -- and they both start with the letters “B-U.”   How to Prepare for the Coming Crash and Preserve Your Wealth By Susan Walker As was widely reported in the dark days of late February and early March 2009, Robert Prechter called for the start of the biggest stock market rally since the 2007 high. Since then, the S&P has soared more than 60 percent in just six months to reach his target zone of 1000-1100. -- Read More   Q&A With Robert Prechter: Why Technical Analysis Beats Out Fundamental Analysis October 5, 2009 By Elliott Wave International As the major stock markets turned down in late 2007 and then started to rally in March 2009, many people who believed in fundamental analysis have begun to question its validity.  Famed technical analyst and Elliott wave expert Robert Prechter has long called for the bear market we are now in the midst of. (He views the rally of 2009 to be a bear-market rally not the beginning of a new bull market.) But over the years, his methods of technical analysis have been criticized. Here are his most succinct arguments as to why wave analysis outdoes competing forms of analysis. Robert Prechter's Five Tips for How To Trade Successfully By Elliott Wave International Take it from the person who won the United States Trading Championship with profits of more than 440% in 1984 – there are five things that every successful trader needs to know how to do. Read More. Prechter Stands Alone Again... He's Done the Math By Neil Beers So Bob Prechter is bearish again. That may be no surprise to some, but recall that Prechter was about the only bull on February 23 of this year when he covered the short position he had recommended on July 17, 2007. That was nearly two years later and 800 points lower in the S&P. Read More. How IRAs Can Tie Investors' Hands -- and What To Do About It By Susan C. Walker It's a blessing and a curse. IRAs, 401(k)s, thrift plans -- some of the best ways to save money for retirement (the blessing) can tie your hands when you invest that money (the curse). Read More. The Bounce Is Aging, But The Depression Is Young By Bob PrechterConditions are relative, and behind the scenes, the depression has been, and still is, grinding away. Read More.

 

 

Elliott today Forecasts

 

S&P 500, 10min. 
© ELLIOTT today, Oct 16,2009

Topping!

 

 

Five waves up on the 10minute chart are clearly visible. The completion of a five-wave structure means a turning point has been reached and the only question is, how 'big' the next wave will be. First, wave length relationships are such as the first wave traveled +290 points and the second wave +229 points. The relationship is 0.7896 and that is a hairsbreath from 0.786 or invers 1.273. (1.273 x 1.273 = 1.6205). Second, time length relationship equals 95 days for the first wave and 97 days (+2) for the second wave.Several momentum indicators display bearish divergences. The wave structure tells us, that the recovery movement from the March low has been completed on October 15, unless the market morphs into a more complex corrective pattern.

 

 

DAX Index
© ELLIOTT today, August 8,2009

Elliott Wave Analysis

 

The Big Fall
© ELLIOTT today, October 24 2008

On January 4,2008 ELLIOTT today presented a weekly chart of the German DAX presenting the overall picture of the German stock market since 2003. ELLIOTT today's headline was loud and clear: "Topping"

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Autumn Panics

Special Report

S&P 500 Index, daily
© ELLIOTT today, November 10, 2007 

Panic Potential?

 

 

 

...from the weekly Update, March 15, 2008

S&P 500 Index (SPX) 

© ELLIOTT today, March 15,2008 

 

"As shown on the chart of January 26,2008 the S&P 500 is heading toward the low 1200s and this is only an intermediate target. Long term, the market should see the lows of 2002/2003." 
© ELLIOTT today, March 15,2008 

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 the Charts 

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, Jan 26, 2007, 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, Feb 5, 2007 

I have never yet utilized an advisory service like yourself. To be very truthful can see the benefits of it. Alex, Feb 8,2007

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, 03/10/2005

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. Dom, 02/24/2005

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,Aug.16,2004

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,Aug.9,2004

"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)