Last analysis of US Oil on 17th December, 2013 expected more upwards movement towards a target at 103.21 to 104.42. Price moved higher as expected, but fell short of the target reaching only to 100.76.The wave count remains the same.Click on the charts below to enlarge.The bigger picture sees US Oil in a large second wave correction at super cycle […]
Analysis exactly one month ago expected to see an intermediate degree correction which should last about four weeks and end about 526.Since 6th December, 2013 AAPL has exhibited typically corrective movement in a three wave structure, so far reaching down to 533.60, $7.60 beyond the target. I expect the structure is very close to completion. The target has been recalculated […]
Last analysis of Silver expected more downwards movement towards a target at 18.999. Downwards movement continued, reaching 18.585, 0.414 below the target.The wave count remains the same.Click on the charts below to enlarge.Minor wave B is now a complete zigzag, which is within a bigger zigzag trending upwards one degree higher for intermediate wave (B).Within minor wave B minute wave […]
Last analysis of Silver expected downwards movement towards a mid term target at 18.999. Price has moved lower. The target has not yet been reached, and the structure is incomplete. The target remains the same.Click on the charts below to enlarge.Minor wave B is an almost complete zigzag, which is within a bigger zigzag trending upwards one degree higher […]
The following was written by Cory Massimino. In the years following the 2008 financial crisis the stock market, unlike the rest of the economy, has been outstanding. Last Monday the Dow Jones Industrial Average and Standard & Poor’s 500 stock index reached record highs following continued confidence in the Federal Reserve’s expansionary monetary policy. Shortly after trading began, the S&P hit […]
Last analysis of Silver expected more upwards movement towards a target at 20.184 before the resumption of the downwards trend for one final fifth wave.Upwards movement continued and has reached 0.305 above the target so far. Click on the charts below to enlarge.Minor wave B is an almost complete zigzag, which is within a bigger zigzag trending upwards one degree […]
Last week’s analysis expected an end to a fourth wave correction within one or two days, to be followed by more downwards movement for a fifth wave.There is now a clear five down on the daily chart. Upwards movement has breached a channel containing this impulse, and a second wave correction has begun.Click on the charts below to enlarge.The bigger […]
Last analysis of Silver was invalidated with downwards movement below 19.595. Members of Elliott Wave Gold were aware of a new alternate for Gold, which also works for Silver. But I did not have time to update the Silver wave count.Downwards movement is incomplete.Click on the charts below to enlarge.Minor wave B is an almost complete zigzag, which is within […]
Yesterday’s short term target was at 1,212 for the end of a fifth wave. Downwards movement ended at 1,215.36, 3.36 short of the target. The structure looks complete.The wave count is unchanged from yesterday.Click on the charts below to enlarge.Gold is still within a large fourth wave correction at primary wave degree which is incomplete. It is unlikely that primary […]
Last week’s analysis of Silver expected more downwards movement towards a target at 18.591 to 18.353. Price did move lower but has failed to reach the target. Downwards movement may have ended at 19.595, 1.004 short of the target zone.The wave count remains mostly the same.Click on the charts below to enlarge.Minor wave B is now a complete zigzag.Within minor […]
