FTSE 100, DAX, Dow Jones Elliott Wave Weekend Review

This is my interpretation using Technical Analysis and Elliott Wave Theory to look at the FTSE 100, DAX and Dow Jones. Elliott wave is my preferred tool when looking at the stock market, I believe that it can work to reflect the "psychology" of the market quite accurately.


I am NOT a very experienced trader or technical analyst, but I am very interest in developing my skills and welcome you to share your experienced and advice so that we may both learn from it. Nothing in this video should be taken as investment or trading advice.

Joe's Youtube video (Please watch and subscribe):
http://www.youtube.com/user/ElliottTrader

John Piper's Website (Recommended Subscription Service):
http://johnpiperstrading.com/


Please let me know what you think and feel free to leave questions or general comments.

Category:

Education

Tags:

• FTSE
• 100
• Dow
• Jones
• Elliott
• Wave
• Theory
• Robert
• Prechter
• Technical
• Analysis
• S&P
• 500
• Gann
• Financial
• Trading
• Charting
• Schiff
• Stock
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• Broker

[luvzpalin1]

luv the analysis, however no one is seeing irregular a-b-c 2nd waves that CAN take out some prior highs

[Andronichuk]

Hey Luvzpalin,

2nd waves by definition cannot take out the start of a wave 1....

if we were to rally above 5600 (what I am arguing is a wave 1 off te top) we would have to seriously re-consider the longer term implications...

Most likely alternative would probably be that the decline was an A... rally was a big B... and expect one more 5 wave decline to complete a C....

But it is not possible to have a wave 2 by definition take out that start/high of a wave 1.

Hope that helps

[JohnE2020]

The 2007 top could be key in fundamental and technical terms (a triple top). The dark horse of inflation may finally escape the stable. Higher interest rats could kill the bull market based on low interest rates and the forex fraud kept secret from the public. Please keep your forward projections they could just keep the shirts on our back.

JJJ

[JohnE2020]

What has happened to your excellent videos

[Andronichuk]

very true :P

Video just uploaded, should come up soon...

feel free to check it out... but beware...

it is like 37 min in total!!!

if you read the description box, there are several links to charts and information on how the entire 37 min is broken down into 3 parts... so feel free to skip between...

I make the case that the rally is STILL corrective

[koolio2020]

Scrat in love my friend,it's all about the nuts.

He never gave up on hunting that nut down,even when it came to meeting a female squirrel,he went for the nut instead,that's definitely me.

If I ain't got my nuts,what good am I for the females anyway.Heeeeeeehe:-)

[Andronichuk]

koolio...

I'm just about to upload a video I just recorded where I look at the fib relationships between what I still think is an ABC correction...

78.6 gets a mention :)

Still chasing that nut?

I'm just uploading this video now...

it's pretty long, but I break it down so you can jump to the different parts if you wish (listen to the introduction for explination).

[koolio2020]

Watch out for testing the 78.6 retracement line.

[ElliottTrader]

Sure, the link will be sent via YouTube message.

[frank299]

Not sure which video you are referring. To can you please provide the link?

Thanks

[ElliottTrader]

See the first video in my YouTube channel for the Elliott rules on how to form the parallel Elliott trend channel which must apply in all but the 5th wave (ending diagonal).