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Wednesday, October 19, 2016

Elliott Wave Update 19 October 2016

Sooner or later, the count will clear up which means we'll have some market movement one way or another.

Thursday, October 13, 2016

Elliott Wave Update 13 October 2016

The Minor wave 4 count has broken today because of lower lows. The triangle pattern has been broken. However minor 4 count itself has not been broken. Note the new alternate count since we only have a "three" wave structure since (4) up so far.
Its just that I wouldn't bet on this last wave 5 prediction happening. But its still the best count at the moment.

Tuesday, October 11, 2016

Elliott Wave Update 11 October 2016

The wave count is still holding up overall. As long as the market remains in a viable triangular configuration, we'll stick with the count. A lower low (such as overlapping wave 1 of (5)  peak price) would force a change in medium term count.
We now have a proper "(c)" wave (if that's what it is). However prices need to hold above (a).
GDOW looks good still, not expected to make a new 2016 high.

Monday, October 10, 2016

Elliott Wave Update 10 October 2016

Market seems to be triangulating for over a month now. Once the triangle finishes the prediction is a break to new all-time highs based on the overall wave count.