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02/07/15 SPX
SPX Short term
(1) Reversal
< 2018.78 to resume the decline.
> 2069.93 bullish
(2) Lower target and time window
1972.56
1957.11-1924.90-1885.06-1879.06
1986.63-1945.80-1933.19-1920.57
middle February, +/-
(3) Road map: http://www.chartupload.com/images/72053243182271212976.jpg
General Outlook:
"All the pieces keep adding up into a very serious economic and geopolitical game changer for 2015" - Gerald Celente link.
(1) There is no confirmation we have seen the peak.
(2) Bull Trend (since March 2009) reversal confirmation point: < 1757-1632.
(3) The next obvious major cluster is 2213.50. imho: To be bullish for long term, the serious test remains in between 2069.93 and 2130.46.
Also:
WaveTrack Latest Market Commentary 2nd February 2015 http://www.wavetrack.com/
There’s not much room for error though – to complete the expanding flat at current levels around 2072.40+/- but remain below 2093.55 is a tight call to maintain a bearish outlook for the next few months. (Edit: 02/06 session high 2072.40, closed at 2055.47)
Should a reversal (sell) signature occur with a subsequent intra-hourly five wave decline during the coming week that breaks last week’s retracement level of 2036.72, then the bearish outlook will be confirmed.
A break above the December high however will negate the downside projections and instead confirm the continuation of a five wave impulse pattern from the October low of 1820.66 with upside targets towards 2257.49 with a viable test into April/May
>>jumanji0881: will the Fed hike rates sooner?
FYI FWIW
U.S. Job Growth Surging! Wages Rising Sharply!
Mike Larson | Friday, February 6, 2015 at 4:30 pm
link
Bottom line: We’ve seen several months in a row with strong job growth, and unemployment trending lower. Some people won’t take the numbers at face value. They’ve been saying for the better part of a year or two that every single government report is a complete lie, and I don’t expect that to change even if we have 20 more years of good data.
But whether you believe the numbers or not, they’re the figures that Federal Reserve policymakers follow. It’s hard to argue that zero percent interest rates make any sense whatsoever when official reports show our economy is churning out jobs at the fastest pace since the late 1990s!
So net/net, this report increases the chance of a “Bloody Wednesday” - where we come in on a Fed meeting day and policymakers catch the market napping by raising rates.
XLU suffers 4.5% loss (ongoing) (EOM, no text)
02/06/15 Larry-Edelson: Let’s start with gold and silver
FYI FWIW
The Long-Awaited Correction is Finally Here
Larry Edelson | Wednesday, February 4, 2015 at 7:30 am
Let’s start with gold and silver: As I indicated in my special column last week, gold’s current rally is to be expected, but it is NOT the start of a new bull market.
Yes, gold has tested major support levels that have held. Yes, gold is starting to rally again. And yes, gold can reach as high as $1,365 before turning south again.
But gold’s bull market is not yet here. It will not come until gold plunges to test — and hold — major support levels under $1,000 an ounce. Those support levels are at $915 and $847.
Ditto for silver, whose major support levels lay at $14.15, $13.85, and $12.50.
Investors around the world are hoarding cash.
The reason precious metals remain in a bear market? Simple …
First, deflation has the upper hand in commodities right now. The reason: Most investors around the world, and businesses, are very uncertain about the future.
.... .....
full text
http://www.moneyandmarkets.com/long-awaited-correction-finally-69726#.VNUkbixHWCk
02/04/15 SPX
sticks on the road map.
synopsis:
SPX bounces off session low (02/02) 1980.90 and hits 2050.30 (vs. 2050.52, 0.618)
session high 02/03
2050.30
reference points 1980.90-2093.55
2037.23 0.500 (intraday low 2039.45, ongoing)
2050.52 0.618
2066.96 0.764
2069.44 0.786
2049.00 0.236 2093.55-1904.78, this is a potential route 2. see road map
SPX Short term reversal 01/17/15 04:53:59 PM
< 2018.78 to resume the decline.
> 2069.93 back to bullish mode chart
road map full text
wonkavator, Yikes!
He is still working on it (click)
Murphy jinxing
trap (click) in all dimensions.
Groundhog Day 2015: Punxsutawney Phil sees shadow
Conflicting forecasts: Early Spring Or Six More Weeks Of Winter?
http://www.inquisitr.com/1797746/2015-groundhog-day-results-early-spring-or-six-more-weeks-of-winter/
http://www.cbsnews.com/news/groundhog-day-2015-conflicting-forecasts-and-a-bitten-mayor/
.....
Roller coaster market shows schizophrenic volatility.
......
Anthony Caldaro https://caldaro.wordpress.com/
02/03 MEDIUM TERM: uptrend may be underway
02/02 MEDIUM TERM: downtrend
01/29 MEDIUM TERM: awaiting downtrend confirmation
01/28 MEDIUM TERM: downtrend highly probable
02/16 MEDIUM TERM: uptrend range bound
......
JK Saturday, 01/31/15 02:06:07 AM
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110430310
DOW E-Wave update:
http://www.godmode-trader.de/artikel/ew-analyse-dow-jones-fadesse-ist-tabu,4095079
Summary:
The DOW Jones Index could correct to 16289,00 in the following weeks. Bulls could avoid that by pushing the index above 17800,00.
Timing
Place your dice & Stop-Loss bag in case of getting zapped again...
Thursday, 01/29/15 10:25:14 AM
an important low could be around middle of February.
Raj Time and Cycles
Friday, January 30, 2015
http://www.safehaven.com/article/36542/a-mini-crash-wave-is-on-the-horizon
http://timeandcycles.blogspot.com/2015/01/a-mini-crash-wave-is-on-horizon_30.html
A Mini Crash wave is on the Horizon
What’s Next: We should see a Feb 2 swing Low. If we decline below 1988 SPX, we will see a fast drop to test the Dec 16 Low at 1972.85 SPX and this decline below 1988 SPX opens the Trapdoor to Hell for a Mini crash wave in February on the basis of a Crash pattern that is being followed very precisely. First, however, after the 2/2 Low, we should see yet another rally to another swing lower High. It is good to be on the right side of this move at the right time, be prepared.
US dollar is getting smoked on Tuesday
http://www.businessinsider.com/us-market-update-2015-2
US Dollar Index - Mar 15 (DXH5) 93.75 down 1.07 (-1.13%)
Gold Futures - Apr 15 (GCJ5) 1,262.50 down 14.40 (-1.13%)
Crude Oil Futures - Mar 15 (CLH5), 52.64 Up 3.06 (+6.18%)
FYI FWIW
'K Wave' Feb 3 2015, 12:10 PM'
http://www.traders-talk.com/mb2/index.php?&showtopic=158602
Crude update
Anyone who bought loads of it at 47 and 45 or derivatives thereof having a pretty darn good week...
Like I said yesterday, a couple of hourly closes above key 49 level would likely set off the short covering....
54-56 area should be entering first resistance area after just blasting though the air gap....
rotor 'Old Marxist' vs. 'New Marxist'
China ('Old Marxist') is converting to capitalism, the Port Piraeus expansion/privatization project (1.2 Billion Euro) will boost Greece's GDP 2.5%. Syriza party ('New Marxist') say No
The signed contract (by prior Gov.) is grounded, construction work is partially affected.
China Europe investments
China Port Piraeus expansion/privatization project, 1.2 Billion Euro
"fund drive" everywhere
Dare You!
Saudis: higher oil prices / stop supporting Assad
The Saudis floated the idea of higher oil prices to get Russia to stop supporting Assad in Syria
http://www.businessinsider.com/saudis-higher-oil-prices-russia-syria-support-2015-2
Misc. Status
intraday high, ongoing
RUT 1192.48 (actual) vs. 1191.09 (0.786)
SPX 2040.41 (actual) vs. 2040.09 (0.707), 2024.90-2039.86
The Fat Pitch
Saturday, January 31, 2015
Weekly Market Summary
http://fat-pitch.blogspot.ca/
In the past several weeks, since December, SPX has lost 5%, gained 6%, lost 5%, gained 4%, lost 4%, gained 4% and now lost nearly 4% again. As we have said in recent weeks, we haven't seen this pattern in more than 3 years. At best, the pattern suggests indecision; quite possibly, it suggests that indices are in the process of changing trend
fast bounce
day low 1980.90, closing 2020.85
'dive & fast bounce' in the same session, volatility!
12:38:32 PM
(a) take out support cluster SPX 1988.12-1989.18 (done )
(b) ....
(c) ....
forward looking:
(1) test low again? (edit 1990.76 )
(2) bounce-up target 2024.90 (20 SMA, 20EMA) - 2039.86 (50 EMA) (as of 02/02)
Replying to Bear Market or Bear BAIT ?
SemiBizz Feb 2 2015, 11:55 AM
http://www.traders-talk.com/mb2/index.php?showtopic=158586
I must say this is the thickest I have ever seen the BEAR BAIT laid on since a long, long time ago, when it wasn't bait, it was reality.
The parameters are all set here, let's see them bust out the bottom side of the Nasdaq wedge(4567), and crack 1967 on the SPX, then it's more believable.
GOLDMAN: worst quarter ever for earnings guidance
GOLDMAN:
This has been the worst quarter ever for earnings guidance
MYLES UDLAND FEB. 2, 2015, 7:58 AM
http://www.businessinsider.com/goldman-worst-earnings-guidance-ever-2015-2
02/02/15 DJI
intraday low 17037.76, on going.
chart shows the possible low targets
( i use my own numbers, reference is 16289 )
Reference:
JK Saturday, 01/31/15 02:06:07 AM
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110430310
DOW E-Wave update:
http://www.godmode-trader.de/artikel/ew-analyse-dow-jones-fadesse-ist-tabu,4095079
Summary:
The DOW Jones Index could correct to 16289,00 in the following weeks. Bulls could avoid that by pushing the index above 17800,00.
SPX / Price Line (PCLN) / PDLI
(1) Price Line (PCLN)
intraday low 993.50, in progress
"They" do care the 1000 big mark,
in out, in out, ... fat $$$ in option, HeeeHeeHe
quick $ in risky business. Now, cut off my fingers. Close PCLN this topic.
Thursday, 01/29/15 10:52:39 AM
Thursday, 01/15/15 03:46:07 PM
PCLN is defending its 1000 mark.
How about PDL BioPharma Inc (PDLI) for 8.23% Divvy???
(not a quick trade), Din-ing, Din-ing.. any one?
(2) SPX
(from yesterday)
(a) take out support cluster SPX 1988.12-1989.18 ( done )
(b) take out 1972.56
(c) fill open gap 1905.03-1909.38 (10/20-10/21)
(d) check the Fib overlap, route number and wave possibilities (not shown here)
in progress –
bounce off intraday low 1980.90 (1978.47 – 1983.17), hit intraday high 2010.07 (2009.62 route 1)
forward looking:
(1) test low again?
(2) bounce-up target 2024.90 (20 SMA, 20EMA) - 2039.86 (50 EMA) (as of 02/02)
Road map
wave based resistance: 2019.26, 2024.90-2039.86, cluster 2063.46-2064.59, 2069.93.
reply to a private mail 02/01/15
referring post Saturday, 01/31/15 02:07:43 PM
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110436861
(1) Target lower than 1885.06-1879.06 can be anticipated but let’s go step by step, (a,b,c,d)
(a) take out support cluster SPX 1988.12-1989.18
(b) take out 1972.56
(c) fill open gap 1905.03-1909.38 (10/20-10/21)
(d) check the Fib overlap, route number and wave possibilities (not shown here)
be aware that this is just a wishful thinking, market has her own pulses.
Road map
wave based resistance: 2019.26, 2024.90-2039.86, cluster 2063.46-2064.59, 2069.93.
(2) Timing
Thursday, 01/29/15 10:25:14 AM
an important low could be around middle of February
Saturday, 01/31/15 02:07:43 PM
time window: middle February, +/- ( Gann 120 degree from October low on 10/15/14, 1820.66 ). In a realistic way, it could be from 02/03 (Full moon) – 02/18 (New moon)
Timing is the most difficult part, i got zapped couple times. would rather give a rough idea than delve into too much tea leaves. in essence, middle February & middle April works together, the former one corroborates the latter one. Read at your own peril.
Raj Time and Cycles
Friday, January 30, 2015
http://www.safehaven.com/article/36542/a-mini-crash-wave-is-on-the-horizon
http://timeandcycles.blogspot.com/2015/01/a-mini-crash-wave-is-on-horizon_30.html
(use this link to see some interesting replies, someone ask the specific date ... )
A Mini Crash wave is on the Horizon
What’s Next: We should see a Feb 2 swing Low. If we decline below 1988 SPX, we will see a fast drop to test the Dec 16 Low at 1972.85 SPX and this decline below 1988 SPX opens the Trapdoor to Hell for a Mini crash wave in February on the basis of a Crash pattern that is being followed very precisely. First, however, after the 2/2 Low, we should see yet another rally to another swing lower High. It is good to be on the right side of this move at the right time, be prepared.
some pundits are calling for 2130 before april
etalors:
2130.46 is 1.500 of length 1370.58-666.79 on top of 1074.77. The noteworthy comment is whether the Fib ratio 1.500 is popular or not, 1.618 (more 'popular') projects to 2213.50. This is where the bullish call roots.
It is hard to perceive at this moment. Even though April is another cycle cluster, i don't know the polarity. Eric Hadik mentioned this time window many times in his free reports but gives no further details. Here is one example:
INSIIDE Track Trading, The Weekly Re-Lay
http://www.consensus-inc.net/category/contributor/insiide-track-trading
April 2015 = Key to Potential for 1-2 Year Bear Market.
dindindon Friday, 12/19/14 02:17:06 PM link
12/19 capitulatory advance
at this writing, the bounce-off from the low 1972.24 looks more like a capitulatory advance.
near term:
resistance
Zone 1
2065, 2070 (important), 2080, 2085.
Zone 2
2100, (2115, 2130, Low odds)
DecisionPoint Chart Gallery
Market Trend Charts
http://stockcharts.com/freecharts/dpgallery.html
This daily chart should be reviewed every day. If the 20-day EMA (green) is above the 50-day EMA (purple), the intermediate-term trend is bullish. If the 50-day EMA (purple) is above the 200-day EMA (blue), the long-term trend is bullish. Changes in the PMO's direction may signal an upcoming short-term trend change. When the PMO crosses its red signal line it is even stronger evidence of a significant change in trend.
chart courtesy stockcharts.com DecisionPoint
01/31/15 The beginning of a new month
02/19/2015-02/07/2016 Year of the Sheep/Goat/Ram
(1) For a downward acceleration, bears need to take out support cluster SPX 1988.12-1989.18
(01/29/15 10:25:14 AM) immediate support is around a fib cluster 1989.85 1989.45 1989.31 1988.77; from (edit) this support cluster, it re-bounces but an important low could be around middle of February ( refer to para. (2) )
day low
1,989.18 Jan 29
1,988.12 Jan 16
1,988.44 Jan 14
best match
1989.31 0.3820 2093.55-1820.66
1988.77 0.8660 2093.55-1972.56
(2) Short term lower targets
time window: middle February, +/- ( Gann 120 degree from October low on 10/15/14, 1820.66 ). In a realistic way, it could be from 02/03 (Full moon) – 02/18 (New moon)
(a) retracements
1972.56 ( 12/16/14 day low )
1957.11-1924.90-1885.06-1879.06
(0.500, 0.618, 0.764, 0.786 2093.55-1820.66 )
(b) one of the wave possibilities
1986.63-1945.80-1933.19-1920.57
( 2079.47-1972.56 wave a )
( 1972.56 -2093.55 wave b )
( wave c = 1.00, 1.382, 1.500, 1.618 of wave a )
(3) Short term reversal
< 2018.78 bearish
> 2069.93 bullish
ahimsak
as i mentioned back to December, to be bullish, the serious test remains in between 2069.93 and 2130.46. So far, this zone is still a tough nut to crack.
'A few' E-woofers say SPX is in wave 3, after down wave 4, we will see blah blah blah ATH wave 5. This melody has been out there for quite a while, very ‘loud’. Let me 'jinx' it, How about a wave 5 Truncation?
Basic Tenets of the Elliott Wave Principle
A truncated fifth wave does not move beyond the end of the third. It can usually be verified by noting that the presumed fifth wave contains the necessary five subwaves, as illustrated in the following figure
Truncation gives warning of underlying weakness or strength in the market. In application, a truncated fifth wave will often cut short an expected target.
http://www.elliottwave.net/educational/basictenets/basics2.htm
RUT2000 (01/30)
11 minutes to ring the closing bell, din-ing din-ing
i guess thus it for Today, ..
Sold TZA, yami yami ( be honest, not much $$)
intraday low 1166.64, in progress
Edit: 1164.90
Friday, 01/23/15 11:20:31 AM
imho: a potential 20 points downward leg on breaking below the critical support 1184.08
Edit, transpired 1164.90 vs. 1164.08=(1184.08-20.0)
Thursday, 01/29/15 12:10:36 PM
intraday support: 1170.14, 1167.88 , 1165.59
As January goes, so goes the year
Stormy January could be bearish stock signal
By: Adam Shell January 30, 2015 8:53 am
http://americasmarkets.usatoday.com/2015/01/30/is-stormy-january-a-bearish-harbinger/
As January goes, so goes the year
Currency Battle, Can Anyone Win? Mike Larson
FYI
When Every Country Is Using Its Currency to Do Battle, Can Anyone Win?
Mike Larson | Friday, January 30, 2015 at 7:30 am
http://www.moneyandmarkets.com/every-country-using-currency-battle-can-anyone-win-69654
Rusty2000, Daboyz in full-force or err farce today
merciless is a quick trader, one of my cyber friends.
Rusty2000, Daboyz in full force or err farce today
merciless 01/29/15 04:24 PM
http://www.traders-talk.com/mb2/index.php?s=17b3c1e2d7c5b23a78baf22c76194b40&showtopic=158537
Too many balls in the air....all gonna come down hard soon. Typical EOM farce today.
charts:
http://imagizer.imageshack.us/v2/1600x1200q90/661/lTwnoZ.jpg
http://imagizer.imageshack.us/v2/1600x1200q90/540/B4DeWD.jpg
Google & Amazon
Google's stock drops after profit, sales miss
https://finance.yahoo.com/news/google-fourth-quarter-revenue-rises-211023964.html
After Hours : 496.70 Down 13.96 (-2.73%) 4:27PM EST
Amazon tops 4Q net income expectations, misses revenue forecasts
https://finance.yahoo.com/news/amazon-beats-4q-profit-forecasts-211002837.html
After Hours : 334.37 Up 22.59 (+7.25%) 4:23PM EST
bounce off the intraday low 1989.18
Volatility comes back, it is a quick trader's Paradise.
"some where" = 1989.18
vs. 1989.31 0.382 2093.55-1820.66
01/29/15 10:25:14 AM
immediate support is around a fib cluster 1989.85 1989.45 1989.31 1988.77
from now on, at "some where" it re-bounces but an important low could be around middle of February
01/17/15 04:53:59 PM
Outlook: SPX Short term reversal
< 2018.78 to resume the decline.
> 2069.93 back to bullish mode
SPX Short term lower target
- 200 SMA
- 1978.61-1952.75
- 1957.11-1924.90-1885.06 ( edit: 1921-1925 )
Price Line
intraday low 992.13, in progress, let's see
Thursday, 01/15/15 03:46:07 PM
PCLN is defending its 1000 mark.
>> Larry Edelson
When i quote "controversial" report, I use key words: “FYI FWIW”
Larry Edelson is one of the analysts in this group: http://www.moneyandmarkets.com/experts
SPX intraday support (01/29)
the hot zone is 2012-1998
immediate support is around a fib cluster 1989.85 1989.45 1989.31 1988.77
from now on, at "some where" it re-bounces but an important low could be around middle of February
Special Gold Update - Larry Edelson
dindindon Tuesday, 01/27/15 10:27:54 AM
IMHO. without regaining the 1300 level in the next few sessions, then Gold has reached a short term peak
Special Gold Update
Larry Edelson | Wednesday, January 28, 2015 at 1:00 pm
http://www.moneyandmarkets.com/special-gold-update-69635#.VMm_PixHWCk
I have no hidden agendas. I call it like I see it. Gold has NOT yet bottomed, Period.
Instead, realize what the current rally is: Nothing more than a bear market bounce.
A trap that will lead to devastating losses for those who get caught in it.
Stay tuned and best wishes,
Larry
SPX intraday critical support (01/28)
intraday low 2001.49, in progress
2005.24
2001.11 critical support 0.764 2093.55-1972.56
1998.45 (0.786)
01/17/15 04:53:59 PM
Outlook: SPX Short term reversal
< 2018.78 to resume the decline.
FOMC Release Date: January 28, 2015
http://www.federalreserve.gov/newsevents/press/monetary/20150128a.htm
For immediate release
Information received since the Federal Open Market Committee met in December suggests that economic activity has been expanding at a solid pace. Labor market conditions have improved further, with strong job gains and a lower unemployment rate. On balance, a range of labor market indicators suggests that underutilization of labor resources continues to diminish. Household spending is rising moderately; recent declines in energy prices have boosted household purchasing power. Business fixed investment is advancing, while the recovery in the housing sector remains slow. Inflation has declined further below the Committee’s longer-run objective, largely reflecting declines in energy prices. Market-based measures of inflation compensation have declined substantially in recent months; survey-based measures of longer-term inflation expectations have remained stable.
Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee expects that, with appropriate policy accommodation, economic activity will expand at a moderate pace, with labor market indicators continuing to move toward levels the Committee judges consistent with its dual mandate. The Committee continues to see the risks to the outlook for economic activity and the labor market as nearly balanced. Inflation is anticipated to decline further in the near term, but the Committee expects inflation to rise gradually toward 2 percent over the medium term as the labor market improves further and the transitory effects of lower energy prices and other factors dissipate. The Committee continues to monitor inflation developments closely.
To support continued progress toward maximum employment and price stability, the Committee today reaffirmed its view that the current 0 to 1/4 percent target range for the federal funds rate remains appropriate. In determining how long to maintain this target range, the Committee will assess progress--both realized and expected--toward its objectives of maximum employment and 2 percent inflation. This assessment will take into account a wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial and international developments. Based on its current assessment, the Committee judges that it can be patient in beginning to normalize the stance of monetary policy. However, if incoming information indicates faster progress toward the Committee’s employment and inflation objectives than the Committee now expects, then increases in the target range for the federal funds rate are likely to occur sooner than currently anticipated. Conversely, if progress proves slower than expected, then increases in the target range are likely to occur later than currently anticipated.
The Committee is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of rolling over maturing Treasury securities at auction. This policy, by keeping the Committee’s holdings of longer-term securities at sizable levels, should help maintain accommodative financial conditions.
When the Committee decides to begin to remove policy accommodation, it will take a balanced approach consistent with its longer-run goals of maximum employment and inflation of 2 percent. The Committee currently anticipates that, even after employment and inflation are near mandate-consistent levels, economic conditions may, for some time, warrant keeping the target federal funds rate below levels the Committee views as normal in the longer run.
Voting for the FOMC monetary policy action were: Janet L. Yellen, Chair; William C. Dudley, Vice Chairman; Lael Brainard; Charles L. Evans; Stanley Fischer; Jeffrey M. Lacker; Dennis P. Lockhart; Jerome H. Powell; Daniel K. Tarullo; and John C. Williams.
Apple Reports Record First Quarter Results
https://finance.yahoo.com/news/apple-reports-record-first-quarter-213000243.html
After Hours : 114.79 Up 5.65 (+5.18%) 4:33PM EST
>> old bird's squaking tomorrow
puppet show
A puppet is an inanimate object or representational figure animated or manipulated by a puppeteer. It is used in puppetry, which is a very ancient form oftheatre.
http://en.wikipedia.org/wiki/Puppet
puppet master
"The Man in the mirror-What are you hiding"?
From Wikipedia, the free encyclopedia
AMD
AMD jumps above $2.50 on M&A rumor
Jan 26 2015, 12:03 ET | By: Eric Jhonsa
http://seekingalpha.com/news/2243136-amd-jumps-above-2_50-on-m-and-a-rumor
A Chinese media rumor that local CPU vendor BLX IC Design Co. is looking to acquire AMD has given a lift to the beaten-down chipmaker's shares.
01/27/15 2019 Pivot
intraday low 2019.91, in progress
lower highs (twin peak)
2064.42 (01/09)
2064.62 (01/22)
ref. point 2065.00 (0.236 2093.55-1972.56)
ATH
2093.55 (12/29)
i have striped out those wave counts, and outlined the key pivots directly. No matter how e-wavers count the waves, their works link to Fibonacci explicitly.
“R. N. Elliott's analysis of the mathematical properties of waves and patterns eventually led him to conclude that "The Fibonacci Summation Series is the basis of The Wave Principle.".
- Fibonacci relationships http://en.wikipedia.org/wiki/Elliott_wave_principle
01/17/15 04:53:59 PM
Outlook: SPX Short term reversal
< 2018.78 to resume the decline.
> 2069.93 back to bullish mode.
link
01/15/15 09:48:09 AM
2019 Pivot