Market Summary: the rally that started on February 5, 2010 turns out to be a larger wave degree. I still believe that further drop is warranted due to the low trading volume in the rally compared to the volume during the drop. However, there has to be a limit where the forecast has to change [...]
All of us Elliott wave practitioners have or will learn different wave formations, Fibonacci retracement and many advance indicators in our forecasting journey, but a lot of us usually miss the definition of a wave itself. I can explain why a price move and show what a wave look like to others, but it is [...]
Market Summary: the stock market drop has been more relentless than I thought so far. Commodities like gold and silver have also followed suit, while US dollar is going the other way (up) in similar breadth. There is no casualty or even any indication that the economy is turning around yet, except for Toyota’s trouble, [...]