tag:blogger.com,1999:blog-32138188936877503622024-10-04T21:57:30.102-04:00Wavaholic.com - Your Blog for Stock Market Analysis and Forecasts using the Power of the Elliott Wave TheoryAnonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comBlogger1823125tag:blogger.com,1999:blog-3213818893687750362.post-83705887790667195302014-10-22T18:06:00.001-04:002014-10-22T18:06:31.952-04:00<div class="separator" style="clear: both; text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjYtxdOHQRMAxqmjSTkFahdPDX4KkV-_ciMwdgSyGA8tc47K6jEBR1dSrcHyfH5Dw6GCbtjnDvK8WhA5FcaqyfY-s23Dnv_NySXY6QEgiNBRH6UK602I6YL3qAGaNGp0wbsGDEIzP35Q2Y/s1600/dowjones10222014a.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjYtxdOHQRMAxqmjSTkFahdPDX4KkV-_ciMwdgSyGA8tc47K6jEBR1dSrcHyfH5Dw6GCbtjnDvK8WhA5FcaqyfY-s23Dnv_NySXY6QEgiNBRH6UK602I6YL3qAGaNGp0wbsGDEIzP35Q2Y/s1600/dowjones10222014a.png" height="392" width="640" /></a></div> <br /> <div class="separator" style="clear: both; text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjjEd8okocoJT9D1fpn7ADDLYzQNFopXbngeqKdleY9GX6xx_fR4orBUvLWlMTFfRxTlxJiBmB3HH6ULZZhopVW4euwpzMvFQ7p2MzpB2eFSoTjhTgz-vJk0S8WA_WQwvuHyspmdqYZn4s/s1600/dowjones10222014b.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjjEd8okocoJT9D1fpn7ADDLYzQNFopXbngeqKdleY9GX6xx_fR4orBUvLWlMTFfRxTlxJiBmB3HH6ULZZhopVW4euwpzMvFQ7p2MzpB2eFSoTjhTgz-vJk0S8WA_WQwvuHyspmdqYZn4s/s1600/dowjones10222014b.png" height="348" width="640" /></a></div> <br /> <br /> <br /> <hr /> Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-55368207188401216562014-10-16T17:21:00.001-04:002014-10-16T17:21:21.940-04:00<div class="separator" style="clear: both; text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhqD0Mn-Ehq20Qie1-fo7514qscFR4HMKVRSrx81iUqrJ5wfqUuF_J8GViLNfW3cm-fXGJOuHTcBks29qsY-tIKB6tRS-MCbJXGVlBdb7JBbBraWcjfmJoiC7Cy1YrOsyLNF0seOaSFVjY/s1600/dowjones10162014a.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhqD0Mn-Ehq20Qie1-fo7514qscFR4HMKVRSrx81iUqrJ5wfqUuF_J8GViLNfW3cm-fXGJOuHTcBks29qsY-tIKB6tRS-MCbJXGVlBdb7JBbBraWcjfmJoiC7Cy1YrOsyLNF0seOaSFVjY/s1600/dowjones10162014a.png" height="410" width="640" /></a></div> <br /> <br /> <br /> <hr /> Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-61044030211773953392014-10-16T09:40:00.003-04:002014-10-16T09:40:53.983-04:00The break of 1905 confirmed that the Primary wave that started in 2011 is over. The SPX already lost 200 handles from the top - the biggest decline since 2011.<br /> <br /> Below you see my bearish long-term count (I'll post a more bullish one later).<br /> <br /> <div class="separator" style="clear: both; text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgaI0lM6-5Cr4jRO7hikZxPBnxCSKpgfnf1Q5IYXvo9-bDAkEEYi2SycxFcqPgximbMltEowWiCoF1LPw8FPROIw3Zw2opBOW33EGPIExKVCPoFbIIHcjIC_hERawSM1E9ml7-4W4f_z6c/s1600/spx10162014a.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgaI0lM6-5Cr4jRO7hikZxPBnxCSKpgfnf1Q5IYXvo9-bDAkEEYi2SycxFcqPgximbMltEowWiCoF1LPw8FPROIw3Zw2opBOW33EGPIExKVCPoFbIIHcjIC_hERawSM1E9ml7-4W4f_z6c/s1600/spx10162014a.png" height="424" width="640" /></a></div> <br /> It's possible that we entered a new bear market. However, for now, it's way too early to tell. But even if this is just a correction, I think a decline to the lower trendline is likely.<br /> <br /> <br /> <hr /> Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-54527888687979951492014-10-12T16:32:00.007-04:002014-10-13T16:11:23.380-04:00The Dow and the SPX broke below the lower trendline:<br /> <br /> <div class="separator" style="clear: both; text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhr7L6reVQMT4ovH79HAeauTzKH6wbJB_2tqijNG2JsNYNVPijXI4wLrhUOUyO7q6ZXcr7DKzgQQXBQUA6zmps8WpLx4MxDmIKs0xnYfSQdBwTW8lHx2RlflNs3Z9ZYl15nqoupTJg5xB8/s1600/dowjones10122014a.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhr7L6reVQMT4ovH79HAeauTzKH6wbJB_2tqijNG2JsNYNVPijXI4wLrhUOUyO7q6ZXcr7DKzgQQXBQUA6zmps8WpLx4MxDmIKs0xnYfSQdBwTW8lHx2RlflNs3Z9ZYl15nqoupTJg5xB8/s1600/dowjones10122014a.png" height="362" width="640" /></a></div> <br /> <div class="separator" style="clear: both; text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgXjcNPmubRq103XLO9U2WtVZWCvVLjzXibUoyDjSoJL_nOUuSv1o0-l5TCHAJUR28rs0eJOGUcZwb3F0_4wCIIEHLNovnAv8-UDfEf67ZGCS1ELiczwbG7fXnKm2aPOOuXi3UirPwZLLE/s1600/spx10122014a.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgXjcNPmubRq103XLO9U2WtVZWCvVLjzXibUoyDjSoJL_nOUuSv1o0-l5TCHAJUR28rs0eJOGUcZwb3F0_4wCIIEHLNovnAv8-UDfEf67ZGCS1ELiczwbG7fXnKm2aPOOuXi3UirPwZLLE/s1600/spx10122014a.png" height="348" width="640" /></a></div> <br /> It looks like the trend is down now. I still prefer to see a decline below the August low before turning long-term bearish.<br /> <br /> <br /> <br /> <hr /> Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-82869487561254670262014-10-08T16:48:00.002-04:002014-10-08T16:49:24.566-04:00The Dow and the SPX hit the lower trendlines again today:<br /> <br /> <div class="separator" style="clear: both; text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjOhMC5EBCPpeXRsYuYLkl0o6MovGOsNMP9QmVNxrZAPLwaBKhU1nPJ_hlX-VnqLNR_kM7lc4U-mot3zNF6wXo29RSKIA3KHTeAsyXkaULibmOOz2KYLBMUo_EyKP3MMn9Lu5zpyz1mHA0/s1600/dowjones10082014a.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjOhMC5EBCPpeXRsYuYLkl0o6MovGOsNMP9QmVNxrZAPLwaBKhU1nPJ_hlX-VnqLNR_kM7lc4U-mot3zNF6wXo29RSKIA3KHTeAsyXkaULibmOOz2KYLBMUo_EyKP3MMn9Lu5zpyz1mHA0/s1600/dowjones10082014a.png" height="430" width="640" /></a></div> <br /> <div class="separator" style="clear: both; text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiEfJqFERGq1xEmj_bO3ZxboDKnBtoA8sg23swfwIaxaM7tjtjGF32Ui8oKY4uLMKluto2ktdy5DGUx-DM_QPYlJ-XcLvD8yPyQnKJ2I6n1VpvZWW6QXNjTnO7XpVzwmM7ugZcB74MF_JU/s1600/spx10082014a.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiEfJqFERGq1xEmj_bO3ZxboDKnBtoA8sg23swfwIaxaM7tjtjGF32Ui8oKY4uLMKluto2ktdy5DGUx-DM_QPYlJ-XcLvD8yPyQnKJ2I6n1VpvZWW6QXNjTnO7XpVzwmM7ugZcB74MF_JU/s1600/spx10082014a.png" height="352" width="640" /></a></div> <br /> As long as these trendlines hold, the long-term trend is still up.<br /> <br /> If 17140ish and 1984ish break, we should see a rally to the upper trendline again.<br /> <br /> <br /> <br /> <hr /> Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-88434033817892519562014-10-03T17:33:00.003-04:002014-10-03T17:33:36.368-04:00The SPX and the Dow hit my target levels yesterday and then started to rally again.<br /> <br /> <br /> <div class="separator" style="clear: both; text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgjHp0gaPrZILpXVM0Oblr83unxkcWx7aW_srXVGWaGanaSBnLgURssOKdy78n1i1TUxTM_L_Nw4T4VWT2i8WEZcdc0heyD4ymDt-_3Uk4If0_RSi2MSYyOI21vAY3JszhACBtTodRzDtk/s1600/dowjones10032014.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgjHp0gaPrZILpXVM0Oblr83unxkcWx7aW_srXVGWaGanaSBnLgURssOKdy78n1i1TUxTM_L_Nw4T4VWT2i8WEZcdc0heyD4ymDt-_3Uk4If0_RSi2MSYyOI21vAY3JszhACBtTodRzDtk/s1600/dowjones10032014.png" height="364" width="640" /></a></div> <br /> If the Dow breaks 17140ish, we should see a rally to the upper trendline again at 17400ish.<br /> <br /> <div class="separator" style="clear: both; text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhVh_uqZeSa5YBVdMRtgDG0fl7YXEI_b2trQFczBD888rkkk8Xs973n3IW7EmOr0x6wHzfQ9zu6ChUWIi8AEeX3vrxN201zVA6wpky-p3sUA_WNGOqf5bWE4iihh-oV0qcpSjWFPm_XSlM/s1600/spx10032014a.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhVh_uqZeSa5YBVdMRtgDG0fl7YXEI_b2trQFczBD888rkkk8Xs973n3IW7EmOr0x6wHzfQ9zu6ChUWIi8AEeX3vrxN201zVA6wpky-p3sUA_WNGOqf5bWE4iihh-oV0qcpSjWFPm_XSlM/s1600/spx10032014a.png" height="350" width="640" /></a></div> <br /> A rally above 1984ish should clear the way for new highs.<br /> <br /> <br /> <br /> <hr /> Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-59060598783515053812014-10-01T14:14:00.003-04:002014-10-01T14:14:59.583-04:00The SPX hit my target at 1944ish:<br /> <br /> <div class="separator" style="clear: both; text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7ZqxWxHB-yyrjvintnsI-PjOI8mCOshyLpcZV-mZNWN_HNmptPEHsBxcCnzV8Mph4yGzqqVTiiWKebWzA0aN2_CmzvqZJGmMLlTh_b-rdF7e2-Qq-Q1UTtr-l_1LBDiZcnPSyL-zbDr0/s1600/spx10012014a.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7ZqxWxHB-yyrjvintnsI-PjOI8mCOshyLpcZV-mZNWN_HNmptPEHsBxcCnzV8Mph4yGzqqVTiiWKebWzA0aN2_CmzvqZJGmMLlTh_b-rdF7e2-Qq-Q1UTtr-l_1LBDiZcnPSyL-zbDr0/s1600/spx10012014a.png" height="326" width="640" /></a></div> <br /> <br /> We could see a at least a short-term rally now.<br /> <br /> <br /> <hr /> Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-29624565786204866232014-09-29T17:32:00.003-04:002014-09-29T17:32:30.307-04:00As long as we are below 1984 I think the next target should still be 1944ish:<br /> <br /> <div class="separator" style="clear: both; text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEidFGB3A5wlVFm5zeRDJij4becWdKSXSS39H6BXFFcwUdUa5DgmnDKO9Yn3nB26Y7uLmfrj5HATQxdDiwmGe_d6khR0GOKX9uVS1VQt5NBTnv4LKcd9dkz-XE0x8KsOJToxWfsj9rX8V5s/s1600/spx09292014a.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEidFGB3A5wlVFm5zeRDJij4becWdKSXSS39H6BXFFcwUdUa5DgmnDKO9Yn3nB26Y7uLmfrj5HATQxdDiwmGe_d6khR0GOKX9uVS1VQt5NBTnv4LKcd9dkz-XE0x8KsOJToxWfsj9rX8V5s/s1600/spx09292014a.png" height="388" width="640" /></a></div> <br /> <br /> <br /> <hr /> Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-32666836895186171542014-09-25T17:44:00.001-04:002014-09-25T17:44:49.824-04:00The SPX lost 32 handles today after breaking the support at 1984:<br /> <br /> <div class="separator" style="clear: both; text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiJECrI6qkNNXcs3NwiPWo6XD7-12uPAMiF0qgD05WG4fWguQH7amgzGsZiasW116YsVMsXP728CVKeZD2LRnfor-6uLhMzqCcuucRXdez9G5uZ94iGYj0T9EclsntYrNt80gqPjAQo16Y/s1600/spx09252014a.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiJECrI6qkNNXcs3NwiPWo6XD7-12uPAMiF0qgD05WG4fWguQH7amgzGsZiasW116YsVMsXP728CVKeZD2LRnfor-6uLhMzqCcuucRXdez9G5uZ94iGYj0T9EclsntYrNt80gqPjAQo16Y/s1600/spx09252014a.png" height="384" width="640" /></a></div> <br /> The next target should be 1944.<br /> <br /> <br /> <br /> <hr /> Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-53177724472706730572014-09-24T17:59:00.001-04:002014-09-24T17:59:11.678-04:00Once again, the SPX turned at the support at 1984ish:<br /> <br /> <div class="separator" style="clear: both; text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhVznPmC-ZNhBJ6wpvD8FbDKwyYs5SuzSKVgDOIpKj7kZHIROuzHDix2DCZTeSFAfO0YRm1tGFx_Hh5MOXFBY6mAYCNRHWaiixUfhSQaldHnISJpHrme9pJSJSGP8lLDoJeFPPOv43Mopw/s1600/spx09242014a.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhVznPmC-ZNhBJ6wpvD8FbDKwyYs5SuzSKVgDOIpKj7kZHIROuzHDix2DCZTeSFAfO0YRm1tGFx_Hh5MOXFBY6mAYCNRHWaiixUfhSQaldHnISJpHrme9pJSJSGP8lLDoJeFPPOv43Mopw/s1600/spx09242014a.png" height="356" width="640" /></a></div> <br /> As long as this level holds, the medium-term trend is still up. If it breaks, a decline to 1944ish is likely.<br /> <br /> <br /> <br /> <hr /> Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-44488447525721048682014-09-22T18:06:00.003-04:002014-09-22T18:06:39.190-04:00If the strong support level.at 17130ish breaks, the Dow Jones could decline to the lower trendline again, currently at 16600.<br /> <div class="separator" style="clear: both; text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgQubNK9pLy3dva4CZZ1IizRHugdmaufP2iVYimCSs3ELUZF1O17NuKensOCTAH9UrvzTPb-XxSsltWnuDWfTGqs5B7jaf_Hs58ogN_eCueVvuDu1sYNPolw4V-obEwAlCl1UaWTFt759Y/s1600/dowjones09222014a.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgQubNK9pLy3dva4CZZ1IizRHugdmaufP2iVYimCSs3ELUZF1O17NuKensOCTAH9UrvzTPb-XxSsltWnuDWfTGqs5B7jaf_Hs58ogN_eCueVvuDu1sYNPolw4V-obEwAlCl1UaWTFt759Y/s1600/dowjones09222014a.png" height="364" width="640" /></a></div> <br /> <br /> <br /> <hr /> Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-74135571851588818012014-09-22T02:19:00.003-04:002014-09-22T02:19:33.067-04:00<br /> <br /> <div class="separator" style="clear: both; text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDtZC2I652wg2KUh7bDzxACZxFMljQrAid-gIShCDnmkayC8IN7HFSN37UnmTxfOiG4OVnLlabnAwtYC8at0KziQKM4XXG0Ha-Dx3Ns34yVnJhzNHnRCn5CZkvMrWxkIomeVSgsLKqMb4/s1600/spx09222014a.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDtZC2I652wg2KUh7bDzxACZxFMljQrAid-gIShCDnmkayC8IN7HFSN37UnmTxfOiG4OVnLlabnAwtYC8at0KziQKM4XXG0Ha-Dx3Ns34yVnJhzNHnRCn5CZkvMrWxkIomeVSgsLKqMb4/s1600/spx09222014a.png" height="416" width="640" /></a></div> <br /> <br /> <br /> <hr /> Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-42876300962871089962014-09-18T17:27:00.002-04:002014-09-18T17:27:35.541-04:00It's rather difficult to tell whether the decline to 1980 was a fourth wave, as shown in the chart below, or only a second wave of a much larger motive wave up.<br /> Whatever the case may be, I think the next stop is 2040ish.<br /> <br /> <div class="separator" style="clear: both; text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgUbKFg_kvm79Y4G-z45AMBcLZjbm1KePWWKuEW4j0aHQKj47rg4sUiGk8guV4oySHze3yWurw9_bDbChSDWiN2wFVPorLrMzhJDITnXUProJpwpgNe8Ro-EZyMvbD3G-M00TepywQe1N8/s1600/spx09182014a.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgUbKFg_kvm79Y4G-z45AMBcLZjbm1KePWWKuEW4j0aHQKj47rg4sUiGk8guV4oySHze3yWurw9_bDbChSDWiN2wFVPorLrMzhJDITnXUProJpwpgNe8Ro-EZyMvbD3G-M00TepywQe1N8/s1600/spx09182014a.png" height="456" width="640" /></a></div> <br /> <br /> <br /> <hr /> Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-59582595667946038772014-09-17T18:11:00.001-04:002014-09-17T18:12:02.933-04:00<div class="separator" style="clear: both; text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi89-rJqKGPFMaHWN9n2qn15YD5mk7CUVH7apYc4Gq7TRvSPHI-FqaMhuLH2D8A3vlXdQOdRg-QyxQPUFUaUyj2C7I7hAcLX2OdcCD2DCxckeMlza5sFav5pDIOngB0zEgkcf1ZhvnudgA/s1600/dowjones09172014a.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi89-rJqKGPFMaHWN9n2qn15YD5mk7CUVH7apYc4Gq7TRvSPHI-FqaMhuLH2D8A3vlXdQOdRg-QyxQPUFUaUyj2C7I7hAcLX2OdcCD2DCxckeMlza5sFav5pDIOngB0zEgkcf1ZhvnudgA/s1600/dowjones09172014a.png" height="320" width="640" /></a></div> <br /> So far, the diagonal looks pretty good. For a long-term count see here:&nbsp;<a href="http://www.wavaholic.com/2014/09/dow-jones-elliott-wave-count-11.html">http://www.wavaholic.com/2014/09/dow-jones-elliott-wave-count-11.html</a><br /> <br /> <hr /> Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-41467854784797572942014-09-16T13:48:00.003-04:002014-09-16T13:48:55.333-04:00The bears tried repeatedly but eventually failed to break 1984ish convincingly. The SPX broke out of the declining channel today and should now head towards the all-time highs.<br /> <br /> <div class="separator" style="clear: both; text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg8Hdb6YMxySnAMmkHu2RXuUoiwXmJ62tAfqiegjAskAn4c1MgSwmPDN3izE-Jh_-3YZzx1zlj5jqQ-oZyT4v7HsNOvkk6UzJxUWVt6TT2T2Z2E0-0jngYKufFMFiXu7PJVFN0Iv79x7ys/s1600/spx09162014a.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg8Hdb6YMxySnAMmkHu2RXuUoiwXmJ62tAfqiegjAskAn4c1MgSwmPDN3izE-Jh_-3YZzx1zlj5jqQ-oZyT4v7HsNOvkk6UzJxUWVt6TT2T2Z2E0-0jngYKufFMFiXu7PJVFN0Iv79x7ys/s1600/spx09162014a.png" height="416" width="640" /></a></div> <br /> <br /> <br /> <hr /> Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-21339156615436286592014-09-15T17:40:00.001-04:002014-09-15T17:40:13.755-04:00Gold has been declining since early July and is quickly approaching the strong support at 1200. If this level holds, we should get a bounce to the declining trendline, currently at 1325ish.<br /> <br /> <div class="separator" style="clear: both; text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhF9drCywiVUPJrwUWDGHXdnrBWtWwiDfsWf-ehk9QqaWI2NpI2H2OZeenes1ImcBdanqqJAvn58384ZYGsANBfUJu2x0s9SzPfkThNpwOSNN5f3pIaJAeToUlkJha5gPF_-qCYEPzX7Zc/s1600/gold09152014a.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhF9drCywiVUPJrwUWDGHXdnrBWtWwiDfsWf-ehk9QqaWI2NpI2H2OZeenes1ImcBdanqqJAvn58384ZYGsANBfUJu2x0s9SzPfkThNpwOSNN5f3pIaJAeToUlkJha5gPF_-qCYEPzX7Zc/s1600/gold09152014a.png" height="274" width="640" /></a></div> <br /> If 1200 breaks though, a sell-off to 1000 could occur.<br /> <br /> <br /> <hr /> Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-38111437652147502392014-09-15T09:22:00.000-04:002014-09-15T09:22:01.336-04:00The SPX is trading right at the support at 1984ish. As said in earlier posts, if this level holds, the current correction is only short-term and we should see higher prices soonish. If it is convincingly broken though, a decline to 1945ish is likely.<br /> <br /> <div class="separator" style="clear: both; text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh-eRIaNoHw7U80IZh-rINFcmO0eyez3WFfL2i_LzBd6IhjeltIZifJU9_7m9dW2gICl_Uq1D58qdXyid6Q4GhFsaW4bUfF1KlQJZrhYB_7rDpqPww8Jg5FoS-5seRiwVIGKwP-3k4v1V0/s1600/spx09152014a.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh-eRIaNoHw7U80IZh-rINFcmO0eyez3WFfL2i_LzBd6IhjeltIZifJU9_7m9dW2gICl_Uq1D58qdXyid6Q4GhFsaW4bUfF1KlQJZrhYB_7rDpqPww8Jg5FoS-5seRiwVIGKwP-3k4v1V0/s1600/spx09152014a.png" height="436" width="640" /></a></div> <br /> <br /> <br /> <hr /> Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-43221533260290331632014-09-11T17:38:00.000-04:002014-09-11T17:38:21.535-04:00<br /> <div class="separator" style="clear: both; text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhRnoCVSk_oJd-g__0qKYrbwuckABNfkWeomPY_TjwAbEMe8xSfDDmqrr0LnxWu-OoLxNHx8pse-ve7yYs4x_Vwhgrzl6VSlq4DpBr-BozKtdZrKTE5mzu8dFh-iOCAJp1etDw2_JmXgY0/s1600/dowjones09112014a.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhRnoCVSk_oJd-g__0qKYrbwuckABNfkWeomPY_TjwAbEMe8xSfDDmqrr0LnxWu-OoLxNHx8pse-ve7yYs4x_Vwhgrzl6VSlq4DpBr-BozKtdZrKTE5mzu8dFh-iOCAJp1etDw2_JmXgY0/s1600/dowjones09112014a.png" height="362" width="640" /></a></div> <br /> <br /> <br /> <hr /> Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-39327127015622951022014-09-09T16:55:00.003-04:002014-09-09T16:55:49.253-04:00The SPX hit the support at 1984ish today. As long as this level holds, I still think that we'll see higher prices. However, as long as 2010 isn't broken, we're in neutral territory.<br /> <br /> <div class="separator" style="clear: both; text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh9qSoP9S9hmp8A5jcLuzewoCijqqNJAN1iTBFNUZPE_FnyxQF2SMngy9k1vF36vpZy_ZKoSD0zKxbkyyu4WqxGMmPKtWPLGkY7ajSI3Io4N5dWd5tWo1MKZTeveQ1nbbONwNjs0piPUvM/s1600/spx09092014a.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh9qSoP9S9hmp8A5jcLuzewoCijqqNJAN1iTBFNUZPE_FnyxQF2SMngy9k1vF36vpZy_ZKoSD0zKxbkyyu4WqxGMmPKtWPLGkY7ajSI3Io4N5dWd5tWo1MKZTeveQ1nbbONwNjs0piPUvM/s1600/spx09092014a.png" height="340" width="640" /></a></div> <br /> <br /> <br /> <hr /> Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-66880151478254846542014-09-08T16:38:00.001-04:002014-09-08T16:38:32.738-04:00The sell-off in the EUR/USD continues and we're quickly approaching the very strong support area at 1.275-1.28. I expect at least a small bounce at this level.<br /> <br /> <div class="separator" style="clear: both; text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgr_xC5GHf83ic0LBKY5wGGDRqerrEdYeJAXBqSrOM0gsbUtCfQi-ICqZ2iMNuiaN26c2867c02R5ydh-ivLQ6gqW7q5eytUwJX7O85R9Rn3ThaSqybjS80PpJ7P4R1lAJGGanLSp_jmTA/s1600/eurusd09082014a.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgr_xC5GHf83ic0LBKY5wGGDRqerrEdYeJAXBqSrOM0gsbUtCfQi-ICqZ2iMNuiaN26c2867c02R5ydh-ivLQ6gqW7q5eytUwJX7O85R9Rn3ThaSqybjS80PpJ7P4R1lAJGGanLSp_jmTA/s1600/eurusd09082014a.png" height="358" width="640" /></a></div> <br /> <br /> <br /> <hr /> Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-36373128403567968642014-09-08T06:52:00.002-04:002014-09-08T06:52:33.816-04:00It looks like 1990 was the low of wave [iv]. Hence, we should be in wave [v] now. As mentioned in some of my earlier posts, a rally to the rising trendline, currently at 2030ish, should follow next if 2010ish is broken convincingly.<br /> <br /> <div class="separator" style="clear: both; text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgzi2hoRAOPsbVsoysqlj_-umCl7iwzulEEPIJmybIvYvaZq6qWT-f0fJ88nK3oPAkc67N8SEnJyUNcxZHwAsurj82i3fWs-FCIXg-hTtRZv5JouwFzzOz0bzpmrD7DP9tMrh4xYwSyHKQ/s1600/spx09082014a.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgzi2hoRAOPsbVsoysqlj_-umCl7iwzulEEPIJmybIvYvaZq6qWT-f0fJ88nK3oPAkc67N8SEnJyUNcxZHwAsurj82i3fWs-FCIXg-hTtRZv5JouwFzzOz0bzpmrD7DP9tMrh4xYwSyHKQ/s1600/spx09082014a.png" height="338" width="640" /></a></div> <br /> <br /> <br /> <hr /> Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-13554476763135649032014-09-05T12:56:00.001-04:002014-09-05T12:56:27.313-04:00The S&amp;P futures continue to fluctuate between 1990-1993 and 2010:<br /> <br /> <div class="separator" style="clear: both; text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEibV1NgloZKWP2NHHToyLEu6aH44bS4vw7E3YRD9lQovv-vpapHMfz47BXSMruKYAINWnfZS-a3WBlTdeYRR9QXNrkvdoTMqxa5vjBT-dFVF4LVpKbqbQ7QBbek1OPQdyVdrzAJP6Dy5VM/s1600/es09052014a.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEibV1NgloZKWP2NHHToyLEu6aH44bS4vw7E3YRD9lQovv-vpapHMfz47BXSMruKYAINWnfZS-a3WBlTdeYRR9QXNrkvdoTMqxa5vjBT-dFVF4LVpKbqbQ7QBbek1OPQdyVdrzAJP6Dy5VM/s1600/es09052014a.png" height="274" width="640" /></a></div> <br /> It looks like we're on our way to 2010 again.<br /> <br /> <br /> <br /> <hr /> Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-767436566619687102014-09-04T18:09:00.002-04:002014-09-04T18:09:56.168-04:00The SPX has fluctuated around 2000 for the last two weeks and hasn't decided yet whether to continue the rally or not. I still think that a continuation to 2040 is possible. However, if 1984ish doesn't hold, 2011 is most likely a medium-term high. In that case, the market should move towards the <a href="http://www.wavaholic.com/2014/09/s-500-pre-market-3-september-2014.html">lower trendline</a> currently sitting at around 1930.<br /> <br /> <div class="separator" style="clear: both; text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhpJ8XJj07-_1wRFvuICUqztxvq4kSeUhLeAg90naKEoV5QSerpHyxZmbQLHhInZj65vDyVsB5XsKXo0iWv0C7bMFevTyfGE89RExluPTJzhKaFE5co8dxdCSQVM8EBG9YySDzEggtuppk/s1600/spx09042014a.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhpJ8XJj07-_1wRFvuICUqztxvq4kSeUhLeAg90naKEoV5QSerpHyxZmbQLHhInZj65vDyVsB5XsKXo0iWv0C7bMFevTyfGE89RExluPTJzhKaFE5co8dxdCSQVM8EBG9YySDzEggtuppk/s1600/spx09042014a.png" height="346" width="640" /></a></div> <br /> <br /> <br /> <hr /> Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-60042053882072440202014-09-04T09:20:00.001-04:002014-09-04T09:20:30.976-04:00As mentioned <a href="http://www.wavaholic.com/2014/09/eurusd-2-september-2014.html">two days ago</a>, if 1.31ish breaks, 1.28ish should be the next target.<br /> <br /> <div class="separator" style="clear: both; text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhzOAK4s3hOvYtfvWZ63BsDouheTMed-xMTPqWFJ-nZuTGVCIbAYjalaEZ5xUf-_6jKo4RZUsojInok7s0WqPLBmM3-7lKWNRwZA0gc4aa8SljkCX4WO2c-fEpJBH6pD0bK3FUPuuTMPbY/s1600/eurusd09042014a.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhzOAK4s3hOvYtfvWZ63BsDouheTMed-xMTPqWFJ-nZuTGVCIbAYjalaEZ5xUf-_6jKo4RZUsojInok7s0WqPLBmM3-7lKWNRwZA0gc4aa8SljkCX4WO2c-fEpJBH6pD0bK3FUPuuTMPbY/s1600/eurusd09042014a.png" height="344" width="640" /></a></div> <br /> <br /> <br /> <br /> <hr /> Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-86538445427230572702014-09-03T18:20:00.003-04:002014-09-03T18:20:31.712-04:00After two horrendous years, gold miners have stabilized and rallied about 20 % so far this year.<br /> <br /> <div class="separator" style="clear: both; text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEifoKY2Rfa0Vv5XWZ21GhF30hQkVw3YqvhuNteaaTuxqnFi_eVxrTt27jqowyTAjKkeuKYqhyaFqc90cEqconGjYINyWI79DmGuh6SJ068VX-a337jir3ljMz7xkt6ItkDNvUipL7mt15c/s1600/gdx09032014a.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEifoKY2Rfa0Vv5XWZ21GhF30hQkVw3YqvhuNteaaTuxqnFi_eVxrTt27jqowyTAjKkeuKYqhyaFqc90cEqconGjYINyWI79DmGuh6SJ068VX-a337jir3ljMz7xkt6ItkDNvUipL7mt15c/s1600/gdx09032014a.png" height="374" width="640" /></a></div> <br /> It looks like the GDX has formed an inverse H&amp;S over the last 18 months.<br /> <br /> If 28 is broken, we should see 31 next.<br /> <br /> <br /> <hr /> Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.com