TheWaveTrading

TheWaveTrading

Contributor since: 25 Sep 2011

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• SPX: Follow Up of the Short Term EWP

  Published 06 February 2013 | viewed 0 times

  This is just a brief update: Yesterday SPX achieved a new marginal higher high aborting the bearish setup number two. It looks like investors are…

• SPX: Follow Up of the Short Term EWP

  Published 05 February 2013 | viewed 0 times

  If the reasons I have explained in my last weekend update materialize in a large pullback remains to be seen but judging from the bulls…

• Weekly Technical Analysis

  Published 03 February 2013 | viewed 0 times

  My short-term scenario has proven to be wishful thinking. I was looking for a potential Zig Zag down instead bulls have once again aborted a…

• SPX: Follow Up of the Short Term EWP

  Published 01 February 2013 | viewed 0 times

  In my opinion SPX last Tuesday has established a short-term top. As I mentioned yesterday the internal structure of the pullback in progress is clearly…

• SPX: Follow Up of the Short Term EWP

  Published 31 January 2013 | viewed 0 times

  Just a brief update since tomorrow morning I will not be able to post the daily follow up. Even though today's down side action is…

• SPX: Follow Up of the Short Term EWP

  Published 30 January 2013 | viewed 0 times

  So we finally have FOMC upon us ("Turning window"?) But do not forget about next Friday's NFP (Another potential "turning window") Since I don't change…

• SPX: Follow Up of the Short Term EWP

  Published 29 January 2013 | viewed 0 times

  I know, lately my daily updates are getting really boring, but I cannot change my scenario. There is no change: The probability of a pullback…

• Weekly Technical Analysis

  Published 27 January 2013 | viewed 0 times

  This weekend I will begin the Technical update reviewing one of the two Ending Diagonal options that I have discussed in my last SPX Update…

• SPX: Follow Up of the Short Term EWP

  Published 25 January 2013 | viewed 0 times

  This short-term EWP update is probably the most dull I have ever written since I began publishing TWT on July 2011. The main reason is…

• SPX: Follow Up of the Short Term EWP

  Published 24 January 2013 | viewed 0 times

  During last week negative short-term breadth indicators (McClellan Oscillator) and an overbought momentum were suggesting that the odds of a pullback were increasing. But price…

• SPX: Follow Up of the Short Term EWP

  Published 23 January 2013 | viewed 0 times

  Today I don't have much to say. I give up in attempting to count the overlapping "crapping" move from the December 31 low. It feels…

• Weekly Technical Analysis

  Published 20 January 2013 | viewed 0 times

  Just as a reminder on January 8 I updated the SPX long-term count. Since the Flat option has been invalidated I maintain the two Ending…

• SPX: Follow Up of the Short Term EWP

  Published 18 January 2013 | viewed 0 times

  As I have discussed recently I had compelling reasons to expect a multiday-pullback: Potential bearish rising wedge. Negative divergence of breadth/momentum indicators and an extremely…

• SPX: Follow Up of the Short Term EWP

  Published 17 January 2013 | viewed 0 times

  As I have been discussing breadth indicators are deteriorating: The McClellan Oscillator is now clearly diverging from price The RSI is not able to move…

• SPX: Follow Up of the Short Term EWP

  Published 16 January 2013 | viewed 0 times

  No Change of the short-term scenario. The risk remains high for a multi-day pullback. The overdue pullback should not endanger the intermediate up trend since…

• SPX: Follow Up of the Short Term EWP

  Published 15 January 2013 | viewed 0 times

  No Change: Based on what I have discussed in my last weekend technical update, in my opinion the risk is quite high for at least…

• Weekly Technical Analysis

  Published 13 January 2013 | viewed 0 times

  SPX ended the week with a Hanging Man. This candlestick is warning that price may begin next week a pullback. The pullback will be confirmed…

• IBEX: Follow Up of the Long Term EWP

  Published 12 January 2013 | viewed 0 times

  I maintain the big picture, which I posted on June 28: "The cardinal idea is that price is unfolding a Double Zig Zag = (ABC=W;…

• SPX: Follow Up of the Short Term EWP

  Published 11 January 2013 | viewed 0 times

  Recall that my preferred EWP form the November lows is a Double Zig Zag. This count implies that from the December 31 low price has…

• KOL: Analysis of the EWP

  Published 10 January 2013 | viewed 0 times

  I will begin to monitor KOL. Despite the big picture does not look bullish at all since 2 obvious patterns stand out in the weekly…