"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, February 8, 2014

Elliott Wave Analysis of several Stock Market Indexes

Elliott Wave Analysis of SPX, NDX, DJIA,
DAX, FTSE, SMI, IBEX, FTSEMIB, NIKKEI.

For previous outlook and long term view on weekly charts,
see post of August 17, 2013


SPX

New counts:
Preferred: wave 3 minute of c minor of (y) intermediate of [Y] Primary of X Cycle (first target @ 2.000; maximum Cycle top @ 2.200 area in 3Q 2014)
First alternate : upward Alt:b of downward Alt:w of a double zig-zag Alt:w-x-y in intermediate Alt:(4) of Primary Alt:[C] of X Cycle
2°Alternate : wave 2°Alt:(4) of Alt:[3] of 2°Alt:I of new Supercycle wave 2°Alt:[V]



 NASDAQ

Preferred: wave 4 minute (like exp flat or exp triangle) of 5 extended minor of (c) Intermediate of [Y] Primary of X Cycle

 

DJIA

Is still possible a Triangular SuperCycle wave [IV]
Other scenarios like SPX


German DAX

The best stock market (that required a recount)
Preferred: close to a top of intermediate wave (5) of Primary [1] of Cycle I of SuperCycle wave [V]



UK FTSE100

A very intricate pattern.
Preferred: close to a top of Primary wave [C] of Cycle D of SuperCycle wave [IV]
Alternate: wave Alt:[3] Primary of Alt:I Cycle of Alt:[V]



Swiss SMI

Preferred: in intermediate wave (5) of Primary [C] of Cycle D of a SuperCycle running triangle in wave [IV]


Spain IBEX

Preferred: close to a top of [X] wave of Cycle wave A/W of a SuperCycle [IV]


Italian FTSEMIB

15%-20% from the top of Primary [C]/[Y] of second Cycle X of SuperCycle [IV]


Japan NIKKEY

It seems topping with intermediate (c) of Primary [X] of Cycle X ;
First alternate: topping of Alt:(3) of Alt:[C] of Alt:B


 

Have a great weekend ;-)
 
ElwaveSurfer 


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