WEEKLY ANALYSIS 1201

Posted on 1 December, 2013 by admin

I MAINTAIN UNCHANGED THE SCENARIO OF A PULLBACK

I have to admit that it has been a major mistake underestimating the strength of this “bull” market. The fact that the pattern from the March 2009 is clearly corrective has erroneously induced my analysis in expecting a major top and a reversal back towards the 2009 lows, above all knowing that the FED continues to pour in the market $85 billions each month. Eventually there will be a meaningful correction but probably it will not endanger the intermediate trend.

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WEEKLY ANALYSIS 1124

Posted on 24 November, 2013 by admin

A PULLBACK IS DUE

Lets begin the analysis with a monthly chart highlighting the following:

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WEEKLY ANALYSIS 1117

Posted on 17 November, 2013 by admin

BULLS HAVE BEEN SAVED ONCE AGAIN

The sell signals discussed in my last weekly update have not materialized. Instead SPX continues to resist with boldness establishing new ATH.

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USDJPY: Long Term EWP

Posted on 10 November, 2013 by admin

Long-Term EWP

We can make the case that from the April 1990 high to the October 2011 low price has unfolded a 3-wave down leg, hence the October low can be considered either a wave (A); Red label or a wave (W); Blue label.

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WEEKLY ANALYSIS 1109

Posted on 9 November, 2013 by admin

MISERABLE BREADTH

Despite Friday´s impressive recovery how can I even think to have a bullish stance when the “trio” of swing trading indicators have a bearish cross over?

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IBEX: Follow Up of the Long Term EWP

Posted on 2 November, 2013 by admin

I maintain unchanged the long-term count (Last update on February 26)

Preferred Count: From the November 2007 top price is unfolding a Double Zig Zag.

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SPX: Follow Up of the Short Term EWP

Posted on 1 November, 2013 by admin

THE CORRECTION HAS BEEN KICKED OFF

When price completes a cycle and peaks the warning signals are displayed by breadth and risk on / risk off indicators before the correction begins to unfold.

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GOLD: Update of the Long-Term EWP

Posted on 27 October, 2013 by admin

Since this weekend I don’t have anything new to add to what I have been discussing regarding SPX I think it is interesting to review the Gold EWP.

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SPX: Follow Up of the Short Term EWP

Posted on 25 October, 2013 by admin

THE INEVITABLE CORRECTION CAN ONLY BE DELAYED A FEW MORE DAYS

At this right moment in my opinion the Ending Diagonal option that I have been discussing since the middle of September remains my preferred pattern (As long as price does not deny it)

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WEEKLY ANALYSIS 1020

Posted on 20 October, 2013 by admin

I EXPECT A PULLBACK

Bulls are pushing through the trend line of the assumed Ending Diagonal. If next week price is not rejected at the weekly upper Bollinger Band the discussed Ending Diagonal will be most likely invalidated.

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