EW update

Wednesday morning: Stockcharts has decided to stop working for me this morning, don’t know if the problem is on my end or their’s.  Anyone else having issues?

I posted the Indexes earlier this afternoon, see below, protected post.

Here are some updated counts.  The INDU chart shows my two favorite counts. Missing from these counts is a third viable count that the pullback is merely (iv) of [iii] and thus [iii] is still unfinished.  Note which indexes have broken trend lines and mid BB channels.

About alphahorn

I received an MBA from Columbia University’s Graduate School of Business in New York and am a Wall Street veteran. I’ve worked for a number of investment banks including Smith Barney and First Boston/C S First Boston in New York. Over the years, I have developed my own Proprietary Swing System and I combine that System with my own Elliott Wave Analysis to trade.
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1 Response to EW update

  1. AussieKen says:

    Haven’t visited this site before Alpha. I will start to do so more often

    What leads me to have as primary count being 1343 was a top of either (1) of 3 or a of Y is the following:

    wave 1 was 120 points
    Wave 3 was 193 point in 2 months 1 week
    Wave 5 was 168 points and took 3 months

    If the SPX was in wave iii of 3 of 3, then the wave iii (which i have labelled 5 above) should have been stronger and in a shorter time frame.

    Anyway, we know a correction of some sort has started let’s see if we can keep breaking through the strong support line from Sept….looking good for a decent pullback at this early stage (but we have been here before as well)

    As always thanks for the update mate


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