WaveTrack International

Elliott Wave Financial Price Forecasting

geometric beauty and harmony (AMAZON)

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

R. N. Elliott’s monograph entitled ‘Nature’s Law’ published in 1946 dedicated an entire chapter to the geometric ratio and proportion qualities of the Elliott Wave Principle. This was the result of his earlier introduction to the Fibonacci Summation Series by Charles J. Collins.  Its application was ‘work in progress’ but unfortunately, R. N. Elliott passed away two years later. Despite this however, he left a legacy for us to continue its development and discovery. The use of modern-day computers has accelerated our understanding and our realisation of its frequency within developing EW patterns. This adherence of fib-price-ratios has increased pattern identification whilst helping to minimise the inherent ‘subjectivity’ of human pre-conception that so often results in erroneous wave counting.

We’d like to introduce you to an excellent example of fib-price-ratio adherence within an action-reaction process, an impulse wave followed by a progressive corrective wave.  The equity Amazon.com Inc. has recently completed a text-book five wave expanding-impulse pattern into the Jan.’14 high whilst unfolding into archetypal fib-price-ratio measurements.

The complete analysis is added to this month’s Bonus Chart in the latest edition of the EW-Compass report – so don’t miss this chance to explore the geometric beauty and harmony embedded within the price development of Elliott Wave Principle.01_140328_Amazon

Category: Amazon

EW-Compass improvements!

by m.tamosauskas| March 19, 2014 | No Comments

Following on the results of the questionnaire (see EW-Compass announcement, March 13th), and in response to your feedback, we’ve decided to make some improvements to the report. We introduced and will rotate additional contracts that you voted for inclusion U.S. Russell 2000 index, Australian ASX200 and China’s Shanghai Composite index – we will also add to this list the Aussie/US$ currency, US$/CAD$, US$/Swiss Franc and something else time from time depending on market activity and your interest!

Category: Uncategorized

S&P 500 major resistance level

by m.tamosauskas| March 14, 2014 | No Comments

sp140314

The advance that began from the early Feb.’14 low of 1737.92 unfolded into a five wave expanding-impulse pattern, labelled in minuette degree, with a completion into the recent high of 1883.57. Extending the next advance between waves [i] and [iii] by a fib. 61.8% ratio it depicts the exact high of wave [v] at 1883.57. Precisely to the point! Moreover, there is another hidden golden ratio – extending minor wave i. (1266.74-1475.51) by a fib. 161.8% ratio, upside targets was measured towards 1885.26, less than 2 points to the exact high. Now, it becomes a double convergence and an additional proves S&P 500 has reached a strong resistance level. The following decline began a balancing process of the preceding advance. Become an EW-Compass subscriber and find out the next  fib-price-ratios and there the next major support level is located!

Category: S&P 500

Russia RTS

by m.tamosauskas| March 3, 2014 | No Comments

By no means we were projecting this downside target basen on current fundamental news, but the forecast published November ’13 remains in progress. The good news about that – the worst part for the Russia RTS index (wave 3rd of 3rd) hasn’t produced anything catastophic, so let’s hope only a downside momentum has left.

02_140303a_double_Russia RTS index

Category: Russia RTS

Peter Goodburn on CNBC

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

Today Peter Goodburn was attending in CNBC and explaining the big story developing in Emerging Markets and industrial metals. Check this video by clicking this link:

http://video.cnbc.com/gallery/?video=3000248332

Category: Uncategorized

Tomorrow live on CNBC

by m.tamosauskas| February 27, 2014 | No Comments

CNBC – Live Interview with Peter Goodburn -tomorrow- 7 a.m. GMT, London time – 28th February 2014.

This is a unique opportunity to listen to Peter Goodburn’s views for the base metals market on CNBC’s flagship show Squawk Box.

Link in & watch the show live tomorrow!
http://www.cnbc.com/id/15838652

 

Squawk_Box_Europe

Category: Uncategorized

New record high – S&P 500 Update

by m.tamosauskas| February 24, 2014 | 12 Comments

sp140224

Cycle wave C is in upside progress beginning from the Oct.’11 low of 1074.77. It is taking the form of a five wave expanding-impulse pattern with several degrees of subdivision in its expanding 3rd wave as primary wave 3 that began from the secondary low of 1158.67. Intermediate wave (3) is shown with immediate upside potential to 1900.00+/- prior to a sustained sell-off as wave (4) to the fib. 38.2% retracement at 1629.66+/-.

Category: S&P 500

Silver

by m.tamosauskas| February 14, 2014 | No Comments

20_silver140214

A lot of excitement today in the precious metal market since gold and silver are breaking above their 200-day moving average.  However, our view remains the same – the larger declines are still in progress with lower lows yet to come. The advances that began in June ’13 depict gold is unfolding into a counter-trend horizontal flat pattern, whilst silver is unfolding into a contracting triangle. This short-term silver chart shows minor wave c. is in progress with two additional price-swings (minor waves d. and e.) required to complete the sequence.

Category: Silver

Facebook

by m.tamosauskas| February 13, 2014 | No Comments

140214_Facebook

Facebook is maintaining the upside momentum. The advance that began from the Sep.’12 low of 17.55 is expected to unfold into a five wave expanding-impulse pattern labelled 1-2-3-4-5 in primary degree. Ultimate upside target is extended towards 66.58 and is derived by using a fib. 61.8% correlation ratio between the net advance of primary waves 1 to 3 (17.55-54.82) and wave 5.

Since the data history of Facebook is limited, it is difficult to extrapolate the larger degree pattern; however, any five wave advance must be balanced by a counter-trend decline and so, once upside target to 66.58 has been tested, Facebook is expected to stage a multi-month decline with minimum downside targets measured towards 43.35+/- – back to a smaller degree 4th wave preceding.

Category: Facebook

Interim update – S&P 500

by m.tamosauskas| February 12, 2014 | No Comments

sp140211b

The upside recovery from last Wednesday’s low of 1737.92 has been expected to act as a counter-trend sequence of the January sell-off with upside targets into the fib. 61.8% retracement level at 1806.86 or max. 76.4% at 1824.00+/-. Although this level is only now being tested, the problem is that the rally has had such a sharp trajectory that it’s almost impossible to see any three wave structure that would define this as a counter-trend pattern.

The S&P is not the only index that has accelerated vertically – this includes the Dow Jones (DJIA) and especially the Nasdaq indices that are already close to breaking above the existing January ‘14 highs. This of course would postpone the larger intermediate degree wave (4) declines forecast in recent updates.

It now seems probable that the mid-Jan.’14 sell-off was in fact a counter-trend pattern within the existing uptrend in progress from the June ’12 low as intermediate wave (3). Subdividing wave (3) into a five wave pattern relocates its fourth wave low, minor wave iv. four, into the June ‘13 low at 1560.33 – see fig #1. Then, subdividing minor wave v.’s five’s advance into a smaller five wave sequence as 1–2–3–4–5 would locate last week’s low at 1737.92 as wave 4. This would explain the explosive upward acceleration that has continued this week as wave 5 is now in upside progress to new record highs.

A minimum upside target now projects to 1904.26 and this is derived where waves 1 and 5 measure equally, oscillating to a fib. 100% equality ratio. This is not too far above the 1885.26 number that is measured from extending minor wave i. one by a fib. 161.8% extension ratio. A higher level towards 1931.33 is calculated by taking a fib. 61.8% correlative ratio of waves 1–3 = 5 but this seems to overdo it especially when comparing with the potential of other indices.

Category: S&P 500
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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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