Announcement: Free Week! 29th September – 7th October ‘12
by m.tamosauskas| September 27, 2012 | No Comments
WaveTrack’s ‘Free Week’ begins this coming weekend and its theme centres around two aspects – creating an awareness within the Elliott Wave community of the importance in applying Fibonacci Ratio & Proportion studies – also, offering an insight to the up-coming ‘inflation-pop’ that forecasts a very different outcome for global stock indices during the next 12-18 months than ‘mainstream’ Elliott Wave is purporting.
For new registrants, access is granted to the EW-Compass repot – simply go to www.wavetrack.com and click the ‘Register’ button located at the top of the page, just above the log-in area – complete the registration, then return to the ‘Client Log-ins’ button at the top-left of the navigation area to activate the pop-up menu, then click on EW-Compass to begin your FREE WEEK access to all the latest Elliott Wave analysis and price forecasts!
To watch a video demonstration how the EW-Compass software works, click this link –
http://www.wavetrack.com/elliott-wave-compass.html
Bonus! – we are currently putting the finishing touches to an updated video that describes the current location of stock market trends within the ‘Shock-Pop-Drop’ scenario of the 18 year bear market, how this relates to cycles and price amplitude targets for the next year. We’ll also show how these Elliott Wave forecasts inter-relate to the other asset classes, Currencies, Interest Rates and Commodities. The video will be available during this coming weekend, and its location will be in the ‘video’ tab of EW-Compass.
For more details of the FREE WEEK and to take a look at some examples of our Track Record and Testimonials, please click this link –
http://www.wavetrack.com/track-record/track-record-testimonial-ew-compass.html
S&P 500
by m.tamosauskas| September 21, 2012 | No Comments
The sell off from the recent 1474.51 high is expected to have begun a counter-trend decline labelled the 4th wave within an ongoing five price-swing advance. Downside targets during the next weeks measure to the fib. 38.2% support at 1409.06 – a reversal from there would trigger the finalising advance to original upside objectives at 1503.58. Very short-term, there is an ‘alternate’ route to the 1409.06 target: the S&P could stage an advance to 1487.87 prior to the decline. This upside resistance is measured by a fib. 161.8% extension of minuette wave [i].
(Become an EW-Compass report subscriber and see how this pattern continues to develop and what’s coming up in the larger time-series).
S&P 500
by m.tamosauskas| September 19, 2012 | No Comments
The sell off from last week’s high of 1474.51 is expected to have begun a counter-trend decline labelled the 4th wave within an ongoing five price-swing advance. Short-term downside targets measure to the fib. 38.2% support at 1409.06 – a reversal from there would trigger the finalising advance to original upside objectives at 1503.58.
(Become an EW-Compass report subscriber and see how this pattern continues to develop and what’s coming up in the larger time-series).
S&P 500
by m.tamosauskas| September 14, 2012 | No Comments
Continued advances above the 1446.00+/- area have promoted this count to ‘preferential’ status. Basis the most recent rallies, original upside targets to 1483.36 seem too low for a possible finalisation of the entire advance in progress from the June low of 1266.74. Instead, objectives have been raised to 1503.58. Note that this scenario interprets the advance from 1266.74 as an impulse sequence within a larger bull market implying that the 1266.74 low will not be broken for the next few years.
(Become an EW-Compass report subscriber and see how this pattern continues to develop and what’s coming up in the larger time-series).
S&P 500
by m.tamosauskas| September 12, 2012 | No Comments
The S&P is at a critical juncture as original upside targets to 1446.16-46.62 are being approached. Any reversal from here would confirm the end of the entire upswing from the June low of 1267.45 and begin an expanding-impulse decline over the next months finalising a larger 3-3-5 pattern that began from the April ’12 high of 1422.38.
Seen from a slightly larger perspective, the S&P is seen engaged in a counter-trend correction that began from the April ’12 high of 1422.38, taking the shape of an expanding flat pattern. This sequence, labelled as intermediate wave (2), is subdividing into minor degree, a-b-c, where wave a. declines to 1267.45 are followed by wave b. advances to 1446.16-46.62. These levels are measured by a fib. 14.58% extension of wave a. and a fib. 61.8% extension of the first zig zag within the double zig zag sequence that is shown to make up the structure for wave b. Once these upside objectives are achieved, await a reversal signature to confirm wave c. declines have begun. Ultimate downside targets for wave c. to be approached during the next months are projected to 1245.52 by a fib. 14.58% extension of wave a.
(Become an EW-Compass report subscriber and see how this pattern continues to develop and what’s coming up in the larger time-series).
Announcment
by m.tamosauskas| September 8, 2012 | No Comments
Recent action following last week’s ECB council meeting has resulted in extending upside gains for the S&P 500 and other major indices. Next levels of resistance are being approached, for S&P 500 towards 1446.62. If price rejection is followed by a reversal signature then it will confirm a protracted decline for the next few months towards 1245.52. Conversely, should prices ignore this resistance area and instead accelerate higher with next upside targets towards 1483.36, then we shall be confirming a more limited counter-trend decline into November prior to additional accelerative gains as part of the ‘inflation-pop’ scenario.
Such an outcome would have a cumulative effect through all the other asset classes, including bonds, currencies and commodities.
(Become an EW-Compass report subscriber and see how this pattern continues to develop and what’s coming up in the larger time-series).
Eurostoxx 50
by m.tamosauskas| September 5, 2012 | No Comments
Declines from the Aug.’12 high of 2494.06 are resuming the larger downtrend that began from the Jan.’10 high of 3044.37. Shown on this chart is the final sequence of that downtrend in progress from this year’s high of 2611.42. Should the Eurostoxx manage to stay below 2494.06, declines are expected for the remainder of the year. A break above 2494.06 would trigger more upside to 2525.36, but only an advance above 2611.42 will negate this forecast.
(Become an EW-Compass report subscriber and see how this pattern continues to develop and what’s coming up in the larger time-series).
Crude oil
by m.tamosauskas| September 4, 2012 | No Comments
No immediate change.
Price target for minuette wave [ii] has been achieved at 97.37.
(Become an EW-Compass report subscriber and see how this pattern continues to develop and what’s coming up in the larger time-series).
Crude oil
by m.tamosauskas| September 3, 2012 | 1 Comment
Last week’s advance broke above the 96.54 level transforming the counter-trend zig zag upswing from 94.41 into a more complex expanding flat pattern. This counter-trend rally remains as minuette wave [ii] but remains incomplete with revised upside targets towards 97.30-37. Price targets for minuette wave [ii] are measured this way: first, extending sub-minuette wave (a) of the expanding flat pattern by a fib. 38.2% ratio projects target towards 97.37 – second, extending the total distance of waves [1] to [4] of the impulse pattern unfolding as sub-minuette wave (c) by a fib. 61.8% ratio projects a target level towards 97.30. Such convergences are important inflexion points that signify potential reversal levels of the future. Elliott’s rule is that second wave retracements must not break beyond the starting point of the first wave, in this particular example, the high at 97.72 of minuette wave [i] – a break above this level will negate this bearish count allowing higher highs before a reversal to the downside.
(Become an EW-Compass report subscriber and see how this pattern continues to develop and what’s coming up in the larger time-series).
BUND
by m.tamosauskas| August 31, 2012 | No Comments
Quick post since markets are really volatile today. Germany’s 10 year Euro Bund future has reversed nicely from our original target (143.14), actually it missed only 0.03 points. Now everything is in place for a final upswing towards 145.35 to finish five wave expanding-impulse pattern.
(Become an EW-Compass report subscriber and see how this pattern continues to develop and what’s coming up in the larger time-series).