Elliott wave charts

AAPL - going up

2014-02-08T13:16:00.000-08:00

AAPL

ABC correction just took place and Apple inc is entering into wave 3 of wave 5

DAX

2013-09-10T05:09:00.001-07:00

DAX Daily

Alternation guideline did not take place - both 2 and 4 are zigzags - what is strange.

AGN - Allergan Inc

2013-05-01T02:20:00.001-07:00

AGN

Biotech in slow uptrend. Things will be little turbulent when wave 4 will come.

SPX - not giving up

2013-04-29T08:04:00.001-07:00

SPX

Big re-labeling. Nothing to do here.

Attention, get ready for descent

2013-04-23T02:49:00.002-07:00

SPX

Currently SPX posed for downside move. I must to admit, the current count looks ugly and easily can be argued. But unless rules are broken this is it. Next downtrend will target $1492 zone.

SPX says "I'm fine, give me another one"

2013-04-09T00:41:00.001-07:00

SPX

SPX failed to create downside impulse. Another stage of wave re-labeling... nothing is invalidated, just things keep stretch in time.

You can buy some gold now

2013-04-08T02:51:00.002-07:00

XAU/USD

You can buy some gold, but it's not rally yet... It will stop around $1700.

SPX - how long?

2013-03-28T08:32:00.001-07:00

SPX

Timing is everything. I think everybody already talking about reversal... But just think about how much money you would have blown up on put time premiums during last month. SPX just bought another couple of days hiding from crash.

SPX - match point

2013-03-26T14:40:00.000-07:00

SPX

Another critical point. Ending diagonal must stop there.

Apple - $390 here we come

2013-03-24T11:44:00.001-07:00

AAPL - long term

It seems Apple Inc. will teach "retail" investors a lesson... Wave 5 is just around the corner. Wave equality between 1 and 3, alternation rule (wave 2 was sharp and wave 4 is flat correction) just boosts chances for this scenario...

Priceline inc

2013-03-23T03:14:00.001-07:00

PCLN

One good guy asked me to make analysis of this stock so here it is... Elliott wave says $200 pull back is just around the corner. It could be sharp decline in case of flat correction takes place or another zigzag will come. But definitely this stock will see a new high some day, but it can take couple of years to get there. I just don't want to post long term outlooks for stocks in correction phases.

I like Baidu

2013-03-23T01:59:00.000-07:00

BIDU

Great case for long term portfolio stock... wave 4 might just have ended and next year we will see new up trend.

FB - future uncertain

2013-03-19T11:36:00.001-07:00

$17.55 to $30.56 - corrective formation, probably double combination, could become triple combination. Current decline could be the second wave (x) to form triple combination or start of the new formation of the
same degree as double combination.

Future uncertain here. The only thing that matters right now - impulse waves head down. It means we are in downtrend.

New highs coming

2013-03-19T10:56:00.002-07:00

SPX - short term

I don't read news, but Bernanke must say something to show must go on... 1525 level will be critical for this scenario. Grab popcorn!

SPX - new count

2013-03-12T00:46:00.001-07:00

I think old count no longer valid and we must switch to the new one.

SPX - long term

This is more pessimistic one... instead of wave X in global correction SPX is finishing wave 5 which took form of ending diagonal. This means we have some more upside to 1580 area but after this mark everything becomes dark...

SPX - short-term

Fibonacci cluster is at 1585 and people should exit their longs there... Still, it does not mean you should go short right there.

Game over for Citigroup?

2013-03-11T10:13:00.002-07:00

Citygroup Inc. quickly approaching critical fibonacci cluster.. On one of these levels will be final.. Price should not go above $53 - it will invalidate wave count.

C - Long term

C - short term

Apple update

2013-03-08T13:32:00.001-08:00

AAPL

AAPL almost finished wave 3 of the downfall and poised for correction. Don't buy too much though as it could be flat correction and prices will just continue to fall. Wave 5 is expected to be the shortest one in this impulse formation. Current scenario will be invalidated if price will go above $505 mark.

CREE is slowing down

2013-03-08T12:01:00.001-08:00

CREE

This crazy uptrend will stop in a couple of days and we will have ability to place shorts and buy stock later at better rates. Long term view (if you plan to hold the stock for the next year or more) is bearish.

First Solar, Inc

2013-03-08T11:45:00.002-08:00

Big correction started at First Solar, Inc. Prices will jump a little higher into $32 area after small decline that is almost finished now. But make no mistake, it will be just wave B of the correction so new lows will follow.

FSLR

Netflix update

2013-03-08T05:17:00.001-08:00

NFLX

Nothing special here, slow uptrend

Zynga minor regroup

2013-03-06T15:44:00.001-08:00

ZNGA

Small wave regrouping

Do you have blackberry?

2013-03-06T15:42:00.001-08:00

BBRY

Sometime Reserch in Motion will see new high. Meanwhile, I think correction is not finished. And wave B will stretch in time.

Long term future of Apple Inc

2013-03-06T10:28:00.003-08:00

AAPL - Primary count

So Apple Inc. has future! There are two counts and both say AAPL will hit a new high.. Dates are messed up on chart (Motive Wave still needs to fix things in their software) but I think it will happen on summer of the next year.

But short term outlook does not look so uptrend... Price targets $200 area. Of course it will not happen overnight and not in one big move, we have a strong chance to see flat correction in this wave 4 because of alternation rule.

AAPL - Alternative count

Alternative count suggests that intermediate wave 3 is not finished and there will be much lighter pull back rather than $200. Maximum of this pull back will be $310, and more realistic target will be $360. But in general it is less likely scenario because this huge volume on chart wants to say where real wave 3 is.

Gold

2013-03-04T16:02:00.001-08:00

GLD

Really nothing interesting here. Maybe if price will dip below 148.67 it can turn into flat.

More SPX alternative count

2013-03-04T15:09:00.002-08:00

SPX

Another day, another wave. Price/time balance of wave 4 shows that triangle is highly unlikely to appear. As we know from Robert Prechter's guidelines triangles only in appear in wave 4 ( in wave 2 only in combination) before trend reversal. So this fact kind of opens up the door for new possible upside scenarios. We will have to start looking for alternatives when SPX breaks 1565 level.