WaveTrack International

Elliott Wave Financial Price Forecasting

The Big Secret in Financial Markets

by m.tamosauskas| June 18, 2014 | No Comments

Dear Elliott Wave enthusiasts!

The northern hemisphere’s Summer Solstice is the opposite of the southern hemisphere’s Winter Solstice, the period of longest daylight/nightfall, scheduled for this coming Saturday, 21st June. The balancing of day/night is just one dualistic aspect of our universe and a reminder of the one which also epitomises the dualistic concept found in the Elliott Wave Principle, of action/reaction, progress/regress, trend/counter-trend – you already know this well!

You might think this is an obvious comparison, but let me tell you something – the opening sentence of R.N.Elliott’s ‘Nature’s Law’ (1946) seems a million miles away in today’s consciousness: ‘No truth meets more general acceptance than the universe is ruled by law’. Well, can you honestly say that the majority of people in finance today generally accept that the universe is ruled by law!? – the reality is quite the opposite – recent studies have shown that over 90% of professional fund managers consider fundamental statistics and relative news-flows are more important factors that drive price movement than any governing universal laws! But don’t let that fool you – break out of the herd and stay ahead.

I’ve recently returned to my birthplace, London, presenting WaveTrack’s latest Elliott Wave ‘inflation-pop’ forecasts to over 300+ delegates at BLOOMBERG’s Precious Metals Forum. It was interesting to note that most were ambivalent about the price outlook of Gold/Silver/Platinum even though it was their business! – this is not an isolated case – I’ve come across this time and time again, all over the world within major fund management companies. It’s as if the bombardment of news-flows via all the latest mobile gadgets is slowly inducing the masses into a coma!

During the last two-and-a-half years, stock markets, and particularly those of the U.S. have been trading into record highs – and following the BULLISH path outlined in WaveTrack International’s annual price forecasts for 2011 – revisit the forecast here:

https://www.wavetrack.com/reports-presentations/outlook-forecasts-2011.html

Were you able to benefit from this advance? – one aspect that returns to thoughts of ‘universal law’ is TRUST. Without trust in the analysis, how can anyone benefit from the results of a forecast that projects the S&P 500 trading higher by over by more than 700 points! Trust has to be earned, then experienced by each of us. In the 2011 annual S&P forecast, emphasis was given to another universal law, perhaps more of a universal ‘guideline’, that of Ratio and Proportion. We all know of the pattern repetition concept of the Elliott Wave Principle (EWP) but we must also learn to trust in the dimensions of those 13 patterns that R.N.Elliott discovered. Not all patterns unfold to the perfection that is playing out in the zig zag advance that started the S&P’s advance from the March ’09 lows, but the BIG SECRET is that most actually do! Now it’s time to update the S&P’s progress, and many other stock markets from around the world!

We are pleased to announce the update of medium and long-term Elliott Wave STOCK INDICES price-forecasts is now available in the latest SEMI-ANNUAL video release.  This is PART I of a two-part publication and it is absolutely FREE when you subscribe to the EW-Compass report. I won’t try and convince you that it’s worth every cent because in reality, it’s true value can’t be measured – it’s worthless to the unbeliever, priceless to its dualistic counter-part!…take a look at some of our subscriber’s comments from the last video series…

 https://www.wavetrack.com//testimonials.html

Familiarise yourself with many of the major markets – there are 44 chart updates together with guidance from our analysis of cycle periodicities. It all add to an intriguing look at what is likely ahead during the next several months, but also the next several years.

The main content updates stock index markets of America, Europe, Asia and Australasia but more importantly, synchronises each of the ongoing Elliott Wave price patterns into a cohesive matrix of price development – this is very different to mainstream Elliott Wave analysis that continues to publish major contradictions and discrepancies comparing forecasts for U.S. and Asian indices.

The video also describes why Asian and Emerging Market indices have underperformed during the last few years relative to the U.S. and Europe, and why it will gain ground and even outperform later this year and onwards for another 12-18 months.

To gain IMMEDIATE ACCESS to watch the video, subscribe to the EW-Compass report, open the software and in the main-menu summary page, click on the PART I, STOCK INDICES link – it’s that simple!

And don’t forget to send us your comments once you’ve watched the video – we gain so much from your feedback and sharing this with everyone will inevitably take us all forward!

All the very best to you,

Peter Goodburn

Category: Dax 30, Dow Jones 30, Emerging Markets, Eurostoxx 50, India-CNX Nifty 50, Nasdaq 100, Nasdaq Composite, Russia RTS, S&P 500

PART I, STOCK INDICES (SEMI-ANNUAL) VIDEO is NOW AVAILABLE!

by m.tamosauskas| June 17, 2014 | No Comments

We are pleased to announce the update of medium and long-term Elliott Wave STOCK INDICES price-forecasts is now available in the latest SEMI-ANNUAL video release. Subscribe to the EW-Compass report & watch the latest Stock Indices Video today! Subscribe now!

EW_COMPASS_Headder

Category: Uncategorized

NASDAQ Biotechnology Index (NBI) is taking a more direct route to upside targets

by m.tamosauskas| June 5, 2014 | No Comments

The bearish divergences visible in U.S. stock markets were first identified mid-April when the benchmark S&P 500 index declined into a three price-swing corrective pattern whilst the Nasdaq Bio-Tech (NBI) unfolded during the same period into a five wave impulse – the Elliott Wave Principle (EWP) states that three wave patterns define counter-trend movement whilst five wave patterns define directional ‘trend’.

This difference in wave structure, comparing two indices with a high positive correlation, provides a warning of larger, impending declines. Naturally, the rhythms of up-and-down price movement are synchronised, but the relative outperformance/underperformance creates different Elliott Wave patterns, each unique.

The S&P’s three wave decline into the mid-April ’14 low confirmed its uptrend remained intact, incomplete, with at least another attempt due to unfold into record highs – that has now been realised at levels of 1928.00+/-. In contrast, the Nasdaq Bio-Tech (NBI) index’s decline into a five wave pattern to the mid-April low at 2168.08 confirms it has already ended its uptrend earlier, into its late-Feb.’14 high of 2872.29 and has begun a durational 2-3 month decline. This is valuable difference because it informs us that the S&P’s advance to record highs is somewhat limited – because the Nasdaq Bio-Tech (NBI) is simply synchronising the same upswing but as a counter-trend pattern.

01_NdxBioTech_140605

02_NdxBioTech_140430

 

Category: Nasdaq Biotechnology Index

Copper resumes larger declines

by m.tamosauskas| June 2, 2014 | No Comments

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Copper has so far unfolded higher from the March ’14 low of 6321 into a three wave sequence – this has the dimensions of ending a counter-trend zig zag pattern. It was critical for prices to remain below the Elliott Wave ‘overlap’ resistance of 7015 if downside forecasts below the March low were to remain valid. So far, prices have ended the zig zag upswing below this level, at last week’s high of 6970 (319.25 – COMEX).

As if to validate a reversal signature, the subsequent decline from those highs has unfolded into an intra-hourly five wave pattern that ended into last Friday’s low at 6836 (312.05). This heightens the probability that the entire upswing from the March low has ended, and a new series of declines is about to begin, lasting the next couple of months or so, with downside targets to 5710+/-.

Only an accelerative break above the 7015 resistance would change this outlook.

Category: Copper

Precious Metals Forum (Bloomberg)

by m.tamosauskas| June 2, 2014 | No Comments

IMG_0797

Bloomberg hosted a Precious Metals Forum on 20th of May and we were invited to present our latest Elliott Wave price-forecasts. Mineweb.com made a proffesional review and we would like to share it:  http://www.mineweb.com/mineweb/content/en/mineweb-whats-new?oid=242324&sn=Detail

Category: GDX, Gold, Silver

NASDAQ Biotechnology Index (NBI)

by m.tamosauskas| May 28, 2014 | No Comments

NdxBioTech_140528

A follow-up on NASDAQ Biotechnology Index (NBI). For the record: goo.gl/pKSl29 

Category: Nasdaq Biotechnology Index

Australia ASX 200

by m.tamosauskas| May 23, 2014 | No Comments

10_ASX_200_Australia_140523

Due to the price spike into Wednesday’s low of 5372 which renders the sell-off from 5554 into a more complex single zig zag sequence, the ending diagonal in progress from the Feb.’14 low of 5052 now has to be described as an expanding type. This does not however change original upside targets that are still measured by a fib. 38.2% upside extension of the 5457-5028 decline and project to 5631 during the next few weeks. These upside levels are in line with expectations based on the assumption of an expanding flat sequence that is shown unfolding as intermediate wave (4) and subdividing into a 3-3-5 sequence in minor degree, a-b-c. Wave a. declines to 5028 are currently followed by wave b. advances. Once a reversal from 5631+/- occurs, it will trigger wave c. declines to ultimate downside at 4873-38 measured by a fib. 38.2% downside extension of wave a. and the fib. 38.2% retracement of intermediate wave (3).

Category: Uncategorized

Crude Oil

by m.tamosauskas| May 16, 2014 | No Comments

22_oil_140516

Crude oil continues to trade in a very complex pattern sequence since establishing its upswing from January’s low of 91.24 into the March high of 105.22. Our latest short-term update describes a subsequent three wave decline from 105.22 into the March low at 97.28 followed by three waves up into the April high of 104.99 – another three price-swing decline into the early May low at 98.74 and now a break above the interim high of 102.20. Unscrambling these sequences into a visible Elliott Wave pattern translates into a developing expanding flat in progress as minor wave ii. from the 105.22 high. Three price swings down form a zig zag to 97.28 as minute wave a followed by a double zig zag upswing in progress as wave b to 106.43. A final five wave impulse decline then begins minute wave c towards 94.41 derived by extending wave a by a fib. 38.2% ratio. We remain alert to alternatives although this current pattern seems the most obvious for its current development. The medium-term uptrend remains intact.

Category: Crude oil

Crude Oil

by m.tamosauskas| May 9, 2014 | No Comments

21_oil_140509

The advance from the 1st of May low of 98.74 is seen as a counter-trend rally that is balancing the preceding sell-off from 102.20. The entire decline from 104.10 (outright contract) or 104.99 (continuation chart) can be labelled as a 1-2-1 sequence which limits current upside potential – the 102.20 high should not be broken in order to maintain downside momentum. What is the Elliott Wave count? There are two scenarios which are both assigned a high probability – the first depicts a 2nd wave counter-trend decline labelled minor wave ii. that is unfolding into a single zig zag decline from the 105.22 high and projected to downside at 94.41; the second advocates much lower objectives towards 81.90 in the months ahead as a larger expanding flat pattern labelled intermediate wave (2) is about to finalise.

Category: Crude oil

India Nifty 50

by m.tamosauskas| May 2, 2014 | 1 Comment

09_CNX Nifty 50_140502

The Nifty 50 has advanced into a similar leading expanding-diagonal pattern as compared to the Hang Seng from its Dec.’11 low of 4531.15 but has outperformed since last December, and only now approaching a terminal upside completion of the pattern at 6869.85. There is now an increasing risk that it has begun a severe multi-month counter-trend decline. Idealised fib-price-ratio targets still a little higher, to 6949.80-7035.00 but these will be put aside should the current decline from the high extend lower during the next week. A counter-trend decline is labelled as a 2nd wave with interim targets to 6040.00 but an ultimate downside test to the fib. 50% retracement level at 5580.00+/-.

Category: India-CNX Nifty 50
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About WTI

WaveTrack International is a financial price forecasting company dedicated to the Elliott Wave principle and work of the R.N. Elliott. Clients include Investment Banks, Pension Funds, Total/Absolute-Return/Hedge Funds, Sovereign Wealth Funds, Corporate and Market-Making/Trading institutions and informed individuals -- & just about anyone who is affected by directional price change.

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