"All human activities have three distinctive features: pattern, time and ratio - all of which observe the Fibonacci Summation Series" (R.N. Elliott - "Nature's Law - the Secret of the Universe" - 1946)


Saturday, January 12, 2013

Elliott wave analysis of GOLD, CRUDE OIL, NDX and AAPL


GOLD

the wave (2) seemed to have ended at a Fibonacci price cluster [0.786 * (1) + w = y ];
this is the last chance to climb upward in the wave (3) intermediate, otherwise prevails Alternative count [Alt(y) wave downward]




CRUDE OIL

it seems that the bullish wave [c]  is completed and so even the wave 2 / bbut the pattern is not clear.



NDX

New preferred count; wave i of wave 5 seems to be in progress, AAPL allowing, otherwise Alternate count prevails.



APPLE

In my previous post, December 11th 2012, I wrote:
The Leader does not seem to have finished his fall.
My preferred scenario is for a intermediate wave (c) of primary wave [4] in progress, so the long term uptrend is still intact and we could see new highs. But it is early to open a long position.
In a month almost nothing is happened ; now AAPL is in a key point: bounce or breakdown, and if it drops can drag down all the market.




Have a great weekend!

ElwaveSurfer


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