Blog Archive

Wednesday, February 15, 2017

15 February 2017

The target area has been reached.  I expect a retreat from this area, but 2400 or better is still likely before we see a substantial bear market.  We are breaking back through the handle of the Andrews Pitchfork originating at 666.75 on 3/6/2019.  The wave does not look complete and generally the market does not return to the other side of the fork for long, so I'm thinking a 50 point wave 4 correction is due.

Thursday, December 8, 2016

Thursday, 8 December 2016

The first target has been reached. 2400 is quite achievable, depending on how the last wave unfolds .

Tuesday, November 22, 2016

Andrews Pitchforks, the Ichimoku Kinko Hyo, and the Elliott Wave Principle

I made this video as a follow up to one I posted on Facebook October 24th while a buy signal was being generated.  Here I explain my use of Andrews Pitchforks, the Ichimoku Kinko Hyo and I touch on the Elliott Wave Principle as well.

Monday, November 21, 2016

Monday 21 November 2016

Several forks can be in play at any one time depending on the time scale you wish to map. 
This orange fork appears to be placed correctly but I have also drawn a wider lavender fork which I expect will become more valuable after the bottom tine of the orange fork is broken.
I'm not an EW expert but I agree with Dan that this looks like the last 5 wave formation in a very long Bull market.   Once again I'm becoming concerned and expect a very large downward correction to levels we have not seen since 2012.  The yellow fork starts at 666 March of 2009.  Once the yellow fork is broken we will know that the trend has changed.

Wednesday, November 9, 2016

Wednesday 9 November 2016

WOW! This is an after market move! It came back to fill that gap on Monday with a vengeance!

Monday, November 7, 2016

Monday 7 November, 2016

You know that gap level will offer resistance.  Looks like a good start, but 2173 is likely to be a little sticky.
The pink fork a new alternative.  I changed the color of the blue fork - it used to be pink.  In my last post a couple months ago I showed that pink fork and the market reversed off the bottom tine. 
 I believe we still have higher to go because I think we are in the EW 5th wave to completion of many degrees.

Monday, September 12, 2016

12 September 2016

The pink fork is the same fork I've been showing with a slight correction to encompass the large down day we just had. If you look hard you can see a dark gray fork that is the fork I have been drawing for quite awhile.
I've also added the white fork today.  Up until now I did not put much faith in that fork and had nearly given up on the target near 1900 that has been on my charts for quite a long time.  What's interesting about that fork is the way it intersects with the yellow fork right where the bearish target has been all along. 

Today's Feature


The Palestine which "never existed" appeared on ancient maps, in atlases, encyclopedias and bibles worldwide.

Posted by The International Palestine Network - Gaza on Sunday, February 21, 2016