WaveTrack International

Elliott Wave Financial Price Forecasting

S&P 500

by m.tamosauskas| December 21, 2012 | No Comments

The strong sell off from last Thursday to Friday has increased the probability that the S&P already topped out at 1448.00, slightly short of original upside targets to 1451.43. Although there is the possibility – due to increased short-term volatility – that the S&P could stage a finalising advance and nudge about last week’s high prior to a reversal, the odds are strongly in favour of an immediate downside continuation that would signal the entire counter-trend rally from 1343.35 has completed at 1448.00. Next interim downside objectives then measure towards 1354.40 during the next weeks, ultimate objectives remain at 1299.78-1293.79. This forecast is negated only above 1464.02.

 (Become an EW-Compass report subscriber and see how this pattern continues to develop and what’s coming up in the larger time-series).

Category: Uncategorized

S&P 500

by m.tamosauskas| December 19, 2012 | No Comments

The S&P staged one additional high last week towards 1438.59 but then quickly reversed. This level can be measured by internal fib-price ratios of the advance from 1343.35, as it precisely hit the fib. 38.2% extension of wave ‘A’ of the secondary zig zag from 1385.43. This corroborates the assumption that the S&P might already have topped out although it fell short of original upside targets at 1451.43. Expect the index to continue downwards during the next few months with ultimate targets remaining unchanged towards 1299.78-93.79. This forecast is revised above 1438.59, but negated only above 1464.02.

 (Become an EW-Compass report subscriber and see how this pattern continues to develop and what’s coming up in the larger time-series).

Category: S&P 500

Summary

by m.tamosauskas| December 17, 2012 | No Comments

A comparison between U.S. and European indices suggests the mid-November upswing has completed. For the S&P and Dow Jones, this advance represents wave ‘X’ within a larger counter-trend double zig zag decline that began from the October high whilst for the Eurostoxx 50, it ends a 5th wave within the larger impulse advance that began from its June ’12 low. Whilst the S&P and Dow are now expected to decline into a secondary zig zag sequence into a late January low, European indices begin a broader counter-trend decline as a correction to their June impulse advance. Fib-price-ratio measurements project a decline of between -8% to -10%. For the S&P, downside targets from the recent high of 1438.59 measure towards 1299.78-93.79 whilst the Dow Jones measures to 12221.50-069.40. A similar percentage decline for the Eurostoxx 50 will simply retrace levels back towards support of 4th wave of preceding degree. Spain’s IBEX has fulfilled upside targets and is set to join in an overall decline towards downside targets of 7270.20. Asia’s Hang Seng index has extended gains but is closing in on upside targets towards 23195.40 to complete a five wave impulse advance from its June low. Japan’s Nikkei 225 is reaching higher but within fib-price-ratio tolerance to complete a five wave impulse advance from the early October low with targets towards 9791.46.

Category: Summary

WTI Track Record Portfolio

by m.tamosauskas| December 13, 2012 | No Comments

WTI_Track Record Portfolio

Category: Uncategorized

Dow Jones 30

by m.tamosauskas| December 13, 2012 | No Comments

The Dow Jones is already approaching original upside targets at 13356.80. This means that any reversal from current levels would validate the resumption of the larger downswing from 13588.70. Downside targets to be achieved during the next few months remain towards 12221.50-069.40. This forecast is negated above 13588.70. Shorter-term, a break below 12765.30 would confirm the continuation of the larger downswing.

 (Become an EW-Compass report subscriber and see how this pattern continues to develop and what’s coming up in the larger time-series).

Category: Dow Jones 30

India-CNX Nifty 50

by m.tamosauskas| December 12, 2012 | No Comments

Primary wave B that began from the 2010 high of 6335.90 and unfolded as a counter-trend sequence to wave A is shown to have completed at the 2011 low of 4531.15. The subsequent upswing to 5629.95 is labelled as ending intermediate wave (1). From there, wave (2) counter-trend declines are unfolding into a running flat sequence, a-b-c. Wave a. declines to 4770.35 are followed by wave b. advances that are shown to be underway to idealised upside at 5998.40, the fib. 38.2% extension of wave a. A subsequent reversal from there will trigger wave c. that is expected to decline in the months ahead with ultimate downside to 4920.50, the fib. 61.8% support of wave (1).

 (Become an EW-Compass report subscriber and see how this pattern continues to develop and what’s coming up in the larger time-series).

Category: Uncategorized
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Announcement: Tradersworld Expo Free Week! 10th – 14th December ‘12

by m.tamosauskas| December 11, 2012 | No Comments

The Traders World Online Expo #12 continues into its fifth week with WaveTrack International’s Peter Goodburn presenting his latest Elliott Wave price forecasts for 2013 and beyond. This video broadcast is absolutely FREE! to view, but only THIS WEEK – so don’t miss out!

Dear Elliott Wave enthusiasts,

Peter’s outlook for 2013 describes the 18 year bear market for U.S. indices taking the form of an expanding flat pattern – a total of three phase of price action more literally described as the ‘SHOCK-POP-DROP’ scenario. The second ‘Pop’ or ‘inflation-pop’ phase began when central banks took preventative measures to prevent a global meltdown in the early part of 2009 by lowering interest rates to almost zero and printing money through quantitative easing policies. In contrast to misleading ‘mainstream’ Elliott Wave forecasts, the ‘inflation-pop’ is expected to accelerate asset prices through most of the coming year, 2013. This is expected to translate into new record highs for some global indices and many commodities, although all will participate but perhaps some underperforming.

The FREE viewing of Peter’s presentation is only valid for the Traders World Online Expo #12 during this week so ensure you take some time out to view it.

We look forward to welcoming you!

Most sincerely,

 

WaveTrack’s Client Support Team.

 

P.S.: Current subscribers to WaveTrack’s Elliott Wave Compass report are already up-to-date on many of the up-coming themes and price trends for 2013 so you are just a few clicks away from joining us: link.

Category: Uncategorized

Apple

by m.tamosauskas| December 10, 2012 | No Comments

During the last few weeks, Apple Inc. has fluctuated in a volatile trading range between 505.75 and 594.59. There are no changes to preferential wave counts updated recently – a counter-trend decline that began from the April ’12 high of 644.00 completed an expanded flat pattern at the 16th Nov.’12 low at 505.75 and the following advance begins another five wave impulse upswing with targets towards 731.75.

Shorter-term, the advance between 505.75 to 594.59 has unfolded into a five wave (price-swing) formation that asserts continued upside momentum above 594.59 following the 6th Dec.’12 low of 518.63. This is consistent with a continued five wave impulse advance to 731.75 although to validate, prices must accelerate beyond 632.51.

Failure to accelerate above 632.51 would trigger our alternate count (not shown on this blog) that otherwise describes the decline from the September ’12 high of 705.07 to 505.75 as the first stage of a larger counter-trend downswing. A counter-trend rally from 505.75 projects a conclusion to 632.51 prior to a second stage decline with ultimate downside targets towards 445.47. The entire sequence from 705.07 describes a single zig zag pattern labelled a-b-c in minor degree as intermediate wave (4). The difference between these two scenarios is subtle – all depends on the correct identification of the pattern sequence that unfolded during the May-September ’12 advance. As a zig zag, it confirms the Nov.’12 low at 505.75 as completed, whilst as a five wave impulse sequence, this allows a continuation downwards to 445.47. During the next week, both scenarios project a minimum upswing towards 632.51. Its ability to accelerate higher would confirm continuity to 731.75 whilst price-rejection would otherwise confirm a downward attempt to 445.47.

Category: Apple

by m.tamosauskas| December 10, 2012 | No Comments

Although the S&P has been underperforming during the last days when compared with the European Eurostoxx 50, the advance from the recent 1385.43 low is still projected towards ultimate upside at 1451.43 during the next weeks. This is because the 1385.43 advance is interpreted as the finalising leg within a larger three price-swing sequence in progress from the November low of 1343.35. Once 1451.43 is achieved, a reversal would signify the continuation of the larger downtrend that began from the mid-October high of 1464.02. Ultimate downside targets measure to the 1300.00+/- area in the months ahead. This forecast is negated above 1464.02. Shorter-term, a break below 1385.43 would revise the additional upside momentum to 1451.43.

 (Become an EW-Compass report subscriber and see how this pattern continues to develop and what’s coming up in the larger time-series).

Category: S&P 500

S&P 500

by m.tamosauskas| December 5, 2012 | No Comments

The advance from last week’s low of 1385.43 is interpreted as the finalising leg within a larger three price-swing sequence in progress from the November low of 1343.35. During the next few weeks, the S&P is expected to approach upside at 1451.43 to complete this upswing. Once achieved, a reversal would signify the continuation of the larger downtrend that began from the mid-October high of 1464.02. Ultimate downside targets measure to the 1300.00+/- area in the months ahead. This forecast is negated above 1464.02. Shorter-term, a break below 1385.43 would negate additional upside momentum to 1451.43.

Category: S&P 500
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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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