Price Time Volume Investing

Timing Stock Market Cycles Stocks using Methods of WD Gann, Elliott Wave, Geometry, Gann Square 9-90-52-144, Angle Trend Lines

Price Time Volume Investing WD Gann Elliott Wave Charts of SP500 Angles

VLE Correction Waves

December 1st, 2008 at 10:04 am by AndyAskey

Using my Elliott Wave count for the Value Line Arithmetic Index (VLE), (which is debated by some), I see 248 days to complete the first 5 waves.  I then see around 248 days to complete an A-B-C correction and the next 5 waves down.  I’ve noticed this time line on a number of occasions when counting waves.  Keep in mind that the current move upward may only be part of wave 5 down.  Until the wave 4 high is taken out then there is no reason to become bullish.  The time cycle tells me the odds are in favor of the completion of the 5 waves down.  But there are no absolutes.
Value Line Arithmetic Elliott Waves

This is another look at the same chart using closing prices only.  I don’t mind intraday moves and pay more attention to the close.   The MACD shows a significant divergence with price which indicates that the momentum down has decreased.
Value Line Arithmetic Elliott Waves - Closing Prices

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