The chart below shows my Elliott Wave count of the ValueLine Arithmetic index off the July 2007 top. The first five waves down were somewhat benign and wave 5 finished above wave 3. Elliott wave theory says there will usually be a consolidation or another set of
Entries Tagged as 'Elliott Wave Analysis'
ValueLine Arithmetic Elliott Wave Chart
July 21st, 2009 6 Comments
Tags: Elliott Wave Analysis · Value Line Arithmetic Index (VLE)
ValueLine Arithmetic Waves and Swings
May 21st, 2009 No Comments
I like the “W” base off the low on the ValueLine Arithmetic index (VLE) but a 10% drop to retest the middle of the base would be nice to see.
Tags: Elliott Wave Analysis · Value Line Arithmetic Index (VLE)
Weekend Outlook – 17May09
May 18th, 2009 No Comments
The 218 calendar day cycle is hitting as price is forming a second inverse head and shoulders pattern. Base on base formations often lead to a strong bull move upwards in price.
Tags: Elliott Wave Analysis · Gann Emblem · Market Cycles · Market Outlook · Roadmap
ValueLine Arithmetic Very Strong Since March
May 5th, 2009 1 Comment
I have mentioned several times previously that I use the ValueLine Arithmetic Index (VLE) to judge the strength of the total market. The index is unweighted and isn’t mimicked by ETFs or hedge funds from what I can tell.
Tags: Elliott Wave Analysis · Value Line Arithmetic Index (VLE)
Weekend Outlook – 03May09
May 3rd, 2009 2 Comments
Analysis of the square root price progression shows price has moved 720 degrees off the market low. This level often provides a top of some nature. In this case, a top to regroup and then move higher. The May cycle turn is near and price is not making a low as hoped for.
Tags: Elliott Wave Analysis · Market Cycles · Market Outlook · Roadmap · Square of 9
Weekend Outlook – 19Apr09
April 19th, 2009 No Comments
The ValueLine Arithmetic Index (VLE) has been very strong up off the March low. But price will eventually correct and this post shows what to look for to signal the closing of long positions.
Tags: Elliott Wave Analysis · Market Outlook · Swing Charts · Value Line Arithmetic Index (VLE)
Weekend Outlook – 12Apr09
April 12th, 2009 1 Comment
The ValueLine Arithmetic (VLE) chart shows two distinct five wave patterns down from the July 2008 high.
Tags: A-B-C Correction · Elliott Wave Analysis · Market Outlook · Nasdaq Charts (IXIC) · Swing Charts · Value Line Arithmetic Index (VLE)
US Dollar, Gold, and AMZN
March 19th, 2009 1 Comment
A look at the recently strong charts of Gold, Amazon.com (AMZN), and the US Dollar.
Tags: Amazon (AMZN) · Elliott Wave Analysis · Gold
XLE Consolidating – For A Fall?
March 17th, 2009 No Comments
The XLE and XOI show similar pattern setups and I believe these will break down to complete five waves down.
Weekend Outlook – 15Mar09
March 15th, 2009 No Comments
The SPX bounced near the 1×4 angle of the 1982-2000 range while the DJIA bounced off the 50% price retrace of that range.
Tags: A-B-C Correction · Dow Jones Industrial Average (DJI) · Elliott Wave Analysis · Market Outlook · Nasdaq Charts (IXIC)
SP500 Index Square of 52
March 12th, 2009 2 Comments
We are trading nearly 52 weeks from the March 17th, 2008 cycle turn. The one year cycle is most likely affecting the recent market action.
Tags: Elliott Wave Analysis · Gann Square · Square Out
Long Term SP500 Index A-B-C Correction?
March 10th, 2009 No Comments
The SP500 index may be finishing up a long term A-B-C correction of a longer bull market.
Tags: A-B-C Correction · Elliott Wave Analysis · Square of Range
Weekend Outlook – 08Feb09
February 8th, 2009 No Comments
Long term I see a chance for a move down to the 1×4 ascending angle on the 1982-2000 range which will put price near 650ish on the SPX.
Tags: A-B-C Correction · Elliott Wave Analysis · Russell 2000 Smallcaps · Value Line Arithmetic Index (VLE)
GOOG Climbing 1×1 Angle in Multiple Time Frames
February 6th, 2009 4 Comments
GOOG does not look to have the demand to carry price much higher.
Tags: A-B-C Correction · Elliott Wave Analysis · Gann Angle Fan · Google Incorporated (GOOG) · Volume
SP500 Index 1982-2000 Range Square
January 21st, 2009 No Comments
A long term look at the SPX with respect to the 1982-2000 range square.
Tags: A-B-C Correction · Elliott Wave Analysis · Gann Angle Fan · Gann Square
Apple Computer in A-B-C or Five Waves Down?
December 17th, 2008 2 Comments
The 2003-2007 range of Apple Computer (AAPL) shows three distinct correction waves from the top. The question is whether this setup is an A-B-C correction or if price is actually consolidating in wave four now and will collapse into wave five in the future.
Tags: A-B-C Correction · Apple Computer (AAPL) · Elliott Wave Analysis
Nasdaq Waves and Emerging Markets
December 10th, 2008 No Comments
One simple Elliott Wave formation of the Nasdaq composite is five waves up followed by a three wave correction. Also, the Emerging Markets Ishares (EEM) shows price at the 1×1 ascending Gann angle and in a good position to bounce.
Tags: Elliott Wave Analysis · Gann Angle Fan · Nasdaq Charts (IXIC)
VLE Correction Waves
December 1st, 2008 No Comments
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.
Tags: A-B-C Correction · Elliott Wave Analysis · Value Line Arithmetic Index (VLE)
Weekend Outlook – 29Nov08
November 30th, 2008 No Comments
The week ended with on a five day rally. Volume trailed off all week which is expected around the Thanksgiving holiday.
Tags: Bonds · Elliott Wave Analysis · Market Internals · Market Outlook · Swing Charts
Weekend Outlook – 22Nov08
November 22nd, 2008 3 Comments
The market looks to be in the last leg of this current correction.
Tags: A-B-C Correction · Elliott Wave Analysis · Market Outlook · Value Line Arithmetic Index (VLE)