"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, March 9, 2013

Elliott Wave Analysis of DJIA, NDX, DAX, GOLD, OIL

Dow Jones Industrial Average
Although this week DJIA has break-out the tops, the uptrend is still in accordance with my two main Long-term scenarios, which consider the top of the year 2000 as the end of SuperCycle wave [III] ;
Preferred scenario; the SuperCycle wave [IV] is a WXY three wave pattern, where the wave W is over at the bottom in 2009, now we are in the Cycle wave X , and is developing the final intermediate wave (y) of primary wave [Y] .
First alternate scenario: the SuperCycle wave [IV] is an ABCDE expanding triangle, and now we are in wave Alt: D.
My preferred short-term view (on daily basis) is bullish and considers an impulse wave a of minor degree in progress; I think that intermediate wave (y) could be an abc zig-zag pattern.


It's always the worst of U.S. stock market index; the fault is obviously due to AAPL.
The uptrend pattern is unclear , the upward move seems weak.
(form Long-term view look at the post of Febraury 02)


A diagonal pattern is underway; we will soon see a top's test.
(for my Long-term view look at the post of Febraury 23)


I've updated my preferred count; the bottom of intermediate (w) wave is in progress, and not yet reached.
(for my Long-term view look at the post of Febraury 23)

The downtrend is still underway; we are close to completion of wave [1]
(for my Long-term view look at the post of Febraury 23)
 Have a great weekend!

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