Elliott Wave Analysis on S&P ASX 200, Dow Jones and FTSE Give Uptrend Warnings

[givelord]

Good analysis. Thanks

[DaveASXWatch]

@givelord my pleasure - thanks for stopping by.

[sun16111]

Great Thank you keep comming..................

[DaveASXWatch]

@sun16111 no worries, always good to have you here sun16111!

[hsytwkng]

Great reveiw Dave

I follow Elliott waves on a 240 chart. I'm an ASX options trader and enter and exit on EOD signals

Love your counts! and all the best for the trading week ahead.

[DaveASXWatch]

Thanks @hsytwkng ! Yes, the count looks good, but of course stops are in just in case. You have a good week too!

[ilikethingsfromjapan]

The ftse rebound was a bit of a shock, I held a short position for 3 weeks then in two days everything turned! interestingly my long term stock holdings on the FTSE100 have not rebounded as much, I guess the index rise must have been driven a lot by the banking sector with their huge recoveries last week thanks to the greece news and also statments re jobcuts and operational savings. it makes me think these index gains are due to the banks more than anything else and not the entire market...

[DaveASXWatch]

@ilikethingsfromjapan Yes, it definitely was - this sideways range is not easy.  Hey I've found a similar thing with the All Ords - heading up but not very many individual stock entry signals yet. This could either mean a very very early uptrend or; a false signal. Stops are in, just in case :)