Tag Archives: Leading Diagonal

WEEKLY ANALYSIS 0303

WHICH IS THE PREVAILING CANDLESTICK: THURSDAY´S SHOOTING STAR OF FRIDAY´S HAMMER ? Despite this weekend I have family and friends engagements I have been able to make up a brief update. Lets review the EWP from the November 16 low.

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SPX: Follow Up of the Short Term EWP

If my short-term scenario is panning out then we are getting close to a substantial retreat which will not endanger the intermediate up trend but should result in a 4%-6% pullback. We can raise the SPX pivot support at yesterday´s … Continue reading

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WEEKLY ANALYSIS 0203

My short-term scenario has proven to be wishful thinking. I was looking for a potential Zig Zag down instead bulls have once again aborted a pullback that in my opinion has been delayed but not removed from a pending outcome.

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SPX: Follow Up of the Short Term EWP

So we finally have FOMC upon us (“Turning window”?) But do not forget about next Friday´s NFP (Another potential “turning window”) Since I don’t change my scenario this update is very brief.

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SPX: Follow Up of the Short Term EWP

No Change of the short-term scenario The risk remains high for a multi-day pullback. The overdue pullback should not endanger the intermediate up trend since I am confident that price will only undertake a partial retracement of the November up … Continue reading

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GOLD: Follow Up of the Short-Term EWP

Last Friday I posted on Twitter / Stocktwits a potential complete wedge from the October 2011 peak. Within the likely Double Zig Zag from the September 2011 top, a wedge in this case would be equal to a Leading Diagonal … Continue reading

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EURUSD: Follow Up of the Short Term EWP

Even though I have not posted an update of the short term EWP since November 5 I heve never lost sight of this pair, the problem is that I have not been able to decode into a coherent pattern the … Continue reading

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SPX: Follow Up of the Short Term EWP

I still think that at the November 16 low the determining factors that usually “accompany” a major bottom were not fulfilled, I am referring to positive divergences of momentum & breadth indicators and a spike of “fear”, therefore I maintain … Continue reading

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SPX: Follow Up of the Short Term EWP

Technically and EW wise the “song remains the same”: September 14 high is not a Major Top. The internal structure of the pull back is corrective. The pattern is not completed. There is plenty of room for a sizable pullback, … Continue reading

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GOLD: EWP Follow Up

Once the Double ZZ that I have been tracking was completed at the end of December price has carried out a strong rebound that could belong to a potential large Flat corrective pattern. If this count is correct then price … Continue reading

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