New Web-site!!!

Primary web-site now for EW Trends and Charts

We have moved!!!

There is now a NEW Web-site for EW Trends and Charts, the new web-site is the primary site for this blog and this site is only a back-up site now. If you are a fellow blogger, please adjust your links for the new site!!!!

Click here to view the new web-site for EW Trends and Charts

Wednesday, December 22, 2010

Wednesday Updates!!!

11:00, Here is a short-term squiggle count, there are a lot of different possibilities on the labeling, but this one seems to not break any rules with regards to impulse waves, where the 4th enters the 1st wave. Once I moved the blue 4th wave a bit higher and placed it on the channel line, the 5th wave now makes more sense.
This is a daily chart of the Russell overlaid with the Trendfinder, it was the first index to go red this morning, and the bullish signal is getting weak, soon a sell signal should be generated if today's price action continues as it is now. This is the chart I have been trading off of for the past few months, and it has done extremely well catching the majority of both trends.
This is the 30 minute chart of the SPX with the minor important previous lows marked. This one is also in extreme over-bought conditions, as of now all time frames from 30 minutes to the monthly are in over-bought territory.
Click here for a live, and updated chart!!!
The SPX is slowly crawling up along that black lower channel line right now, once that support breaks it opens the door for a much larger sell-off. The RSI is now VERY close too where I wanted to see it for a top, another sign that short-term this market is peaking.

6 comments:

  1. Can you explain how the trendfinder works or provide a link? thx

    ReplyDelete
  2. agnes, for now I am keeping the interworkings to myself, and a couple others that are beta-testing it. I do post daily results for a few indexes and stocks, if there is one you would like to see, let me know :)

    ReplyDelete
  3. Well, I most interested in RUT and SPX.

    But one doesn't need to be Einstein to observe the absurd situation we are experiencing right now.

    I know one thing: I am 100% sure we will experience an unprecedented collapse in the next 2 years....I just don't know when it will start.

    The disconnect between the market and the real economy has never been this high. It's simply unbelievable.

    ReplyDelete
  4. Agnes, I could not agree more-"The disconnect between the market and the real economy has never been this high. It's simply unbelievable."
    If you are following the RUT and the SPX, I update those everyday after the close, and also will tweet when they show intra-day signals.

    ReplyDelete
  5. Can I read your tweets on your website?

    thx

    ReplyDelete