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Public blog posts only as education and entertainment. private membership market updates reflect my view and analysis of the market. The information contained on this website and from any communication related to the author’s blog and charts is for information purposes only. The chart analysis and the market comments do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor. And i absolutely discourage trading options.

Sunday, February 17, 2013

Conformity of ST MT LT of $SPX, $INDU, $RUT Elliott wave counts and Technicals

presented in Feb 17, 2013 comprehensive weekend report.

Even though $RUT is substantially higher with new historical all time high.
$INDU high (14038) was only 160 points away from historical high of 14198 during Oct 2007.
$SPX high (1524.69) was 52 points away from historical high of 1576 during Oct 2007.
$SPX, $INDU, $RUT all share exactly the same Elliott wave counts and Technicals for Short Term, Medium Term, and Long Term.
The conformity of ST, MT, LT of $SPX, $INDU, $RUT have huge impacts on the markets going forward.

Also presented European and Asian market and US dollar.