It appears that the major indexes have started the change in trend. DIA has fallen through the congestion area of November and December price...
The price has had a huge decline just in the last two days. That is not a good sign if you needing the price to move higher. There may be one or...
The price has fallen hard from the wave-2 high of 1/11/10. This decline has been impulsive, meaning no overlapping wave patterns. This decline...
It is hard to see where we are in the Elliott Wave count with the decline being so severe. I do believe that a near term bottom is nowhere near...
Since my focus is on ETFs, I will use USO and others to present my analysis. First thing is that I use Fibonacci numbers as my EMAs. I use the...
It looks like GLD is about to fall again. When viewing the weekly chart, you can see bearish Japanese Candlestick reversal patterns. There was...
UNG has moved in opposite direction of oil for most of last year. I do not see that changing in the near future. I do believe oil is about to...
OIH made a higher high on 10/21/09 followed by a sell off that took the price down to the 12/8/09 low. From there, the price moved higher and...
USO and other ETFs related to oil such as, OIH, UCO, and UGA, all had bearish Japanese Candlestick patterns today. There were either engulfing or...
If you had been following my Elliott Wave counts, the recent pull back did not surprise you. You should have expected it. So far, TBT is in wave...
TBT has continued to make higher highs. It even poked its head above the 233 EMA for a couple of days. It is only the beginning. I will...
Last update: 12/30/09 <b>Where did we come from?</b> USO has bounced up from the trend line shown on the chart. I will have to admit that...
OIH has potentially completed two consecutive waves one and two. I have labeled on the chart waves I and II with waves 1 and 2. The wave label...
I am short oil and china. I may be wrong with oil. A few more days will allow me a little more clarity. I have been following FXP and FXI,...
Shorting of OIH is looking better right now. USO has given me fits with the analysis. However, I will have a post on both later this afternoon.
GLD has caused me much consternation with trying to determine the Elliott Wave count. My best interpretation is that 12/11/09 was the end of the...
I have Elliott Wave labels on the chart showing my interpretation of the count. I have labeled two waves 1 and 2. This means that there is a...
UGA topped at the end of October. It has steadily declined since then. You would think that the gasoline prices would increase going into the...
I have Elliott Wave labels on the chart showing my interpretation of the count. This is significant due to the price moving above the previous...
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