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2018-09-22

 

 

 

   

 

 

 

 

 

 

 

 

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Before The Fact


Fibonacci TimeZone Calc! [2] - Forming An EDT Pattern ? -  © ELLIOTT today, September 22,2018


 

 

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There is a high degree of risk in trading. CLICK HERE FOR FULL RISK DISCLOSURE.

 

Bottom Line

Elliott Wave Analysis  [S&P 500 Index, 45min. Chart, 2,927,34C ]

Good morning, 

possible "Ending Diagonal Triangle"  forming !? - .. time is running out !!!


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Fibonacci TimeZone Calc! -  © ELLIOTT today, September 21,2018

 

 

 

Copyright © 2018 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.

 

Bottom Line

Elliott Wave Analysis  [S&P 500 Index, 60min. Chart, 2,930,75C ]

Good morning, 
now as the "49 days time span" passed and the market shot-up and the media "hailed"
the DJIA "close at a fresh high" since January, "investor optimism about trade and
the U.S. economy boosted equities." Now guess what, since January 26,2018 the time
period on September 20,2018 was 234 days, just one day over the 233 Fibonacci days
number. There's more, and more important, as I see it, we have a "Time Meets Price"
relationships, a rare occurrence: 

From a high of 2872.87 pts on January 26,2018 the market tanked -340.18 pts to a low
of 2532.69 pts on February 09. Counting the structure from January 26 to May 03 as
a "Contracting Triangle" the advance from wave e of the end of the triangle on May 03
gained exactly the same value (+340.18 pts) , fulfilling the guideline of "a thrust out of
the triangle", as Elliott put it. 

Chances are, the S&P is tracing out an huge "Ending Diagonal Triangle" with wave 3 
now complete ! If so, the S&P 500 should decline to about the 2,900.00 mark to complete
wave 4 and then a final rise into new alltime-high territory in wave 5. 

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Gann's Death Zone !!! -  © ELLIOTT today, September 15,2018

 

 

 

Copyright © 2018 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.

 

Bottom Line

Elliott Wave Analysis  [S&P 500 Index, 45min. Chart, 2,903,54C ]

Good morning,

Based on wave form, five waves down from the high of August 29 spell trouble ahead. Despite
the recent advance, emotions run high and sentiment readings cry GREED. 

 

Second waves
Second waves typically recreate the emotions present at the preceding major turn, so psychology in the wave 2
rally should be extremely exuberant, reflecting certainly that the bull market has resumed. Be prepared to resist
the relentless drumbeat of hopeful opinion that will accompany most of the first and second waves of the bear
market. Their hallmarks will be that "There are too many bears for the market to continue down," and "Stocks
are so cheap now that they are bargains." 

After the peak of wave 2 , the buy and hold philosophy will begin its long process of melting away, just as the
short term trading psychology of ten to fifteen years ago ultimately did. Even during the first half of wave 3, 
many commentators will justify their bullish opinion on the grounds that the market has fallen so much, so
it will be important to maintain perspective. Take a good look at the Grand Supercycle and realize that even
at 50% down, the bear market will have hardly begun. This process will repeat on a larger scale during the
rally of Cycle wave B and through the early stages of wave C down. 

For the majority, the "point of recognition" that the trend has changed for real will occur in a panic with the
center of wave 3 of C, essentially the same position it occurred in the opposite direction on the way up, as
detailed in the first part of this chapter. Ultimately, the deeper the bear market goes, the more news-oriented
"reasons" people will find to become bearish on their investments. The waxing bewilderment that will have
characterized the mindset of the bulls up to that point will change to concern. Hope will melt into fear, and 
fear will ultimately give way to panic. At 90% down, buying weakness will not be in fashion. The old 
arguments about bears and bargains will eventually be thrown aside, right about the time both are actually
true. At the bottom, there will be no discernible news-oriented reason to own stocks, precisely because
news is produced by the same psychology that moves markets. With that small bit of profound knowledge,
you can spend all the time that most people are in panic calmly making plans to take advantage of the historic
buying opportunity that awaits us at the upcoming bottom. Do not let the gloom and doom books that will then
be popular (as they were in 1980-01981) paralyze you when the time to commit funds to investment markets
arrives several years hence. 

(Manifestations of Investor Psychology, p. 214-215, At The Crest of The Tidal Wave, Robert R.Prechter Jr.,1995/2000) 

 

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Historic Top ? -  © ELLIOTT today, September 09,2018

 

 

 

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There is a high degree of risk in trading. CLICK HERE FOR FULL RISK DISCLOSURE.

 

Bottom Line

Elliott Wave Analysis  [S&P 500 Index, 180min. Chart, 2,871,68C ]

Good morning,

time & price....


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Five Waves Up, Complete -  © ELLIOTT today, September 09,2018

 

 

 

Copyright © 2018 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.

 

Bottom Line

Elliott Wave Analysis  [S&P 500 Index, 180min. Chart, 2,871,68C ]

Good morning,

On a weekly chart of the S&P 500 index there can be seen a huge loss of momentum as 
reflected by RSI readings: The high on January 2018 produced a reading of 90.51%, though
the recent high of August 29, 2018 had one of 68,44 (!). There is another fact worth noting.
At the low of 2,532.69 in February, the RSI stood at 47.47 %, but at the higher low in April
at 2,553.80 the RSI was 46.57 %. Even when measured on a daily chart, the numbers with 
regard to the RSI display a divergence.

Indicators of stock market momentum almost always "announce" the beginning of a huge bull or 
bear market. They do so by creating a tremendously overbought/oversold condition in the initial
stage of advance/decline. While this tendency is noticeable at all degrees of trend, the Annual Rate
of Change for the S&P 500 is particularly useful in judging the strength of "kickoff" momentum in
large waves of Cycle or Supercycle degree. (The Wave Principle of Human Social Behavior, 1999,
by Robert R. Prechter jr., p.141). 

As Robert Prechter pointed out in his book "At the Crest of theTidal Wave" that 1987 reflected the 
most impressive cluster of Fibonacci time projections from previous turning points, and therefore
was scheduled to contain the most important turning points of the decade. That year is 55 years
from 1932, 21 years from 1974 and 5 years from 1982, (the year of the bull market lift-off). In 1982, 
with this duration in mind, the Elliott Wave Theorist predicted that 1987 would mark the final high
of the bull market. (p.55, At the Crest of the Tidal Wave). 

The year 2018 is 89 years (89 Fibonacci number) from 1929, the year of the great Top 
of Supercycle wave III. We all know what happened to follow. 


If you have questions mail to:  trading618@freenet.de

 

The Times They Are A-Changin' (Bob Dylan)
Come gather around people, wherever you roam
And admit that the waters around you have grown
And accept it that soon you'll be drenched to the bone
If your time to you is worth savin'
Then you better start swimmin' or you'll sink like a stone
For the times they are a-changin'
Come writers and critics, who prophesize with your pen
And keep your eyes wide, the chance won't come again
And don't speak too soon, for the wheel's still in spin
And there's no tellin' who that it's namin'
For the loser now will be later to win.

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Copyright ©  2018 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.

The material is ONLY PROVIDED FOR EDUCATIONAL PURPOSES AND PAPER TRADING. The recommendations are for paper trading 
to develop your skills for real time trading. If you can make profits in paper  trading, and wish to trade real time with real money and need 
assistance, then seek help from a qualified financial advisor. 
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