We are on a small pull back before we continue our uptrend move. Every sub-sector is telling the same story and all the patterns are intact, so the direction is still up until otherwise.
Archive for October, 2009
The Theme is Gold (10-26-09)
Tuesday, October 27th, 2009Dollar, Gold, Dow Update (10-26-09)
Monday, October 26th, 2009It looks like the one in controll is the Green back. We can just look at the volume and figure out where the big money is heading in to. We should start seeing more and more volatility which will indicate the top of this move is near.
Indecies Update (10-21-09)
Thursday, October 22nd, 2009I think wave three is finaly in, but we won’t know untill the next couple of days. My final target on the S&P500 is not untill the mid 1100 to 1200, so we are just waiting for a small pull back to put the final wave up.
S&P Elliott Wave Count Revised (10-15-09)
Thursday, October 15th, 2009This is why technical analysis works so well, because you can revise and check your work at everytime along the way.
Markets Update (10-13-09)
Tuesday, October 13th, 2009The patter is still intact, but follow through selling has to come in today. We have done the back test to the broken trendline and that is all that was left. If we don’t get the follow through selling the pattern could be negated, all we can do is seat back and watch.
Everything is still intact (10-07-09)
Wednesday, October 7th, 2009All the Indecies are doing what they were suppose to do, even gold has continue its travel upwards. Now all we have to do is sit back and watch.
Breakdown from the Rising Wedge (10-01-09)
Thursday, October 1st, 2009We are finally here, the day that we have all been waiting for! The Breakdown of the pattern, and now we wait some more. The key in Technical Analysis is to just see what’s in front of you; there are no guesses involved that is what makes this type of analysis less risky than any other. So now that the breakdown has commence we still need follow through for confirmation, so we just sit back and watch for the fireworks to begin…