The previous primary count for the DJIA is invalidated. It's hard to believe but the market continues to advance on a narrow list of stocks. There is not a way label an analytically pleasing 5 wave move from the October 2022 low. Therefore, the next count remains corrective. Elliott described B waves as phonies, orgies of odd lotter mentality, rarely technically strong, and … [Read more...] about DJIA: Proceed with Caution
Public Video
Pump Inbound for the Dollar Index
A likely bottom has been found for the US Dollar Index. I'm labeling the down trend as a triple zigzag. It subdivides the easiest, although other labeling techniques are also acceptable. More importantly, the second wave has retraced a Fibonacci 61.8% from the high. A guideline for a second wave retracement which sports a zigzag or zigzag combination pattern. The reaction from … [Read more...] about Pump Inbound for the Dollar Index
Elliott Left a Pot of Gold at the End of the Rainbow
After the October 6th bottom, as discussed in the discord, I've been waiting for the impulsive structure to break and give us a 3 wave retracement for wave 2. It appears that correction is now complete in the form of an expanded flat. A very common pattern following a strong impulse. Since an impulse ended on October 20th with a third wave extension, the flat pattern traced out … [Read more...] about Elliott Left a Pot of Gold at the End of the Rainbow
Most S&P 500 Elliott Wave Counts are Wrong
S&P 500 Elliott Wave analysis as of November 6th, 2023. After editing this video I found a few exclusions I failed to mention. Firstly, I incorrectly called the triangle after 1929 a contracting triangle. It is a barrier triangle, it doesn't change the count, it's just semantics. Secondly, I failed to mention that the Elliott Wave rules are idealistic. Sometimes rules break … [Read more...] about Most S&P 500 Elliott Wave Counts are Wrong
Bitcoin to the Moon?
For the past decade plus all the way to 2021, Bitcoin carved out a massive impulse for the ages. Starting from nothing and ending around $70,000. Alas, all good things come to an end. While their are certainly bullish cases to be made, this count is in actuality, the most bullish. Although people won't accept it for that. The count assumes a cycle degree wave 1 top around 70K … [Read more...] about Bitcoin to the Moon?