Elliott Wave Analysis 11-06-11

Elliott Wave Analysis of the Shanghai Composite, The US Dollar Index, the Dow Jones Industrial Average and Gold.

Nothing in this video is to be taken as trading or investment advice. This video is educational only and explores whether or not the Elliott Wave theory can be useful in determining market direction. It also serves as education on Elliott Wave Theory and on recent market history. It is not a solicitation to buy or sell any securities. Market participation can be a risky endeavor, and cause loss of some or all capital. Consult your financial adviser regarding the suitability of market participation regardless of any information in this video.

The information contained herein is exclusive to the "studyofcycles.com" and is subject to the applicable copyright laws. Reuse or republication without the expressed consent of the author is prohibited.

Category:

Science & Technology

Tags:

• Elliott
• Elliott Wave
• Stocks
• Stock Market
• Technical Analysis
• Dow Jones
• DJIA
• NASDAQ
• S&P
• SPX
• FTSE
• Shanghai

[TheMailrouter]

Hello Joe,

thanks for the update. Many people have this rally as a A-B-C that topped already, with previous wave 5 as the bottom of Oct. 4th (ending diagonal).

Any thoughts on that?

[ElliottTrader]

@TheMailrouter It is a 'plausible' count on some indicies like the Wilshire and S&P. It requires seeing the last five wave down sequence down to Oct 3, as a contracting ending diagonal. And, when the DOW chart is looked at, that last movement does not seem to contract, it seems to expand. So, while that is one way to work it, such a count THEN requires the market up movement to May 2 ended on a three-wave sequence, and a fifth failure wave can't be found - not likely. Good question!

[KaZoom1618]

Thanks Joe, I missed you last week!

Very clear presentation - one can always learn from a lesson too.

Thanks! It should be another interesting week.

[ElliottTrader]

@KaZoom1618 Thanks very much for the feedback, and be sure to 'whack' me, too, if you see a better idea out there.

[fnd909]

aren't leading diagonals supposed to be 5-3-5-3-5 ?

[ElliottTrader]

@fnd909 Often times, yes, but the Elliott Wave Principle is quite clear on page 40 that "the jury is still out" as some Leading Diagonals have been formed as 3:3:3:3:3 and some as 5:3:5:3:5. We tried to present both of them this week in the video. And, yes, it does complicate matters a bit, but we also think we may be seeing more of them now because of the rapid fluctuations of the dollar. Were it to stabilize, we would likely see more regular impulses in my opinion.

[nevadaxtube]

Thanks for sharing your analysis. It is appreciated.

[me7md]

thank you for video

i think shanghai se is still in im wave and target is 4200

please see my massage i have sent a message to you