Below is a candleglance group of Major US indexes provided free for public viewing by
Stockcharts.com which you can get to by clicking on the picture itself or clicking onto the
link below it. I hasten to add here that the annotation is all mine and not StockChart's.
A few of the charts have been annotated with Elliot wave numberings, but it could have been
applied to most if not all of the charts in this group of Major US Indices. The common
takeaway of most of these charts is the corrective wave or pattern labeled A-B-C and then
a 4 marking the end of the 4th wave and the beginning of the 5th or final wave.
Go up from the 4th and traced it upwards till you reached another label "iv" that will mark
the "iv" or mini "4th" wave of the larger degree 5th wave. And in most instances the 'v" of
the 5th wave is already in progress. Meaning to say if this labelling of Elliot is correct we
are in the last of the last, 5th of the 5th wave. And we all know what to expect at the
termination of the wave or the peak of this major wave. An "A-B-C" corrective reversal
and the first stop down will be the 4th wave start.
http://stockcharts.com/freecharts/candleglance.html?$NYA,$COMPQ,$XAX,$INDU,$TRAN,$UTIL,$SPX,$MID,$SML,$RUT,$WLSH,$VLEC
Stockcharts.com which you can get to by clicking on the picture itself or clicking onto the
link below it. I hasten to add here that the annotation is all mine and not StockChart's.
A few of the charts have been annotated with Elliot wave numberings, but it could have been
applied to most if not all of the charts in this group of Major US Indices. The common
takeaway of most of these charts is the corrective wave or pattern labeled A-B-C and then
a 4 marking the end of the 4th wave and the beginning of the 5th or final wave.
Go up from the 4th and traced it upwards till you reached another label "iv" that will mark
the "iv" or mini "4th" wave of the larger degree 5th wave. And in most instances the 'v" of
the 5th wave is already in progress. Meaning to say if this labelling of Elliot is correct we
are in the last of the last, 5th of the 5th wave. And we all know what to expect at the
termination of the wave or the peak of this major wave. An "A-B-C" corrective reversal
and the first stop down will be the 4th wave start.
http://stockcharts.com/freecharts/candleglance.html?$NYA,$COMPQ,$XAX,$INDU,$TRAN,$UTIL,$SPX,$MID,$SML,$RUT,$WLSH,$VLEC
No comments:
Post a Comment