The New CS Board

[dindindon]

Weekend: Tony Caldaro tamed his bullish E-wave outlook

dindindon Sunday, 08/09/15 08:51:00 PM
Anthony Caldaro projects (reiterates) his wave PV (P5) will bring the SPX to 2530-2630 by Q1/Q2. ( link ). (Edit: first release)
IMHO, the chance is slim. Tony is a technician, he flips side quickly too.

So, this weekend, He made some major adjustments accordingly

weekend update
Anthony Caldaro Posted on August 29, 2015
https://caldaro.wordpress.com/2015/08/29/weekend-update-515/

Our worse case scenario, for the bull market, was that the SPX 2135 high ended Primary wave III and a three wave Primary wave IV was underway.

Cycle wave bull markets unfold in five primary waves. Primary waves I and II completed in 2011. Primary III completed in May, and Primary IV may have completed at this week’s SPX 1867 low.

With Primary III topping in 2015 much of the historical references we have used this entire year no longer apply. ... ... ... We are in unchartered historical territory.

Fifth waves (in Primary waves I and III) during this bull market, have been notoriously weak.

If Primary wave IV ended at SPX 1867, as expected, we can make some projections for Primary wave V. Since we use Fibonacci price clusters (edit: note 1) to determine these types of targets, we will offer them now as guidance going forward. There is a cluster between SPX 2214 (Edit: note 2) and SPX 2219. Then single hits at SPX 2302, SPX 2397, and then a cluster between SPX 2522 and SPX 2571. The two clusters suggests the minimum and the maximum upside targets for the rest of the bull market.

(bird view, conceputal illustration, 02/22/15)

dindindon Friday, 01/30/15 11:12:30 PM
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

link to Basic Tenets of the Elliott Wave Principle

Note 1:
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.".
- http://en.wikipedia.org/wiki/Elliott_wave_principle

Note 2:
2214 (2213.5) in wave set 1, @1.618
chart: http://www.chartupload.com/images/05946992392831121277.jpg

My archives

Friday, 11/21/14 11:00:28 AM
- 2130.46 Middle term upper target
- 2213.50-2316.26 Long term upper target

Saturday, 01/17/15 04:53:59 PM
While the general consensus has reached an Overwhelming Bullish Sentiment
level. To be bullish, the serious test remains in between 2069.93 and 2130.46.

Saturday, 05/02/15
- 2130.46 has been highlighted for more than 5 months
- Middle term target 2213.50
- Long term target (pending)

Saturday, 05/30/15 04:45:35 PM
- Pullback below 1976 +/- is the confirmation we may not see 2213.50 for a quite long time.