Recent content by Elliottwave13

Today I have bought the Euro and the Aussie?.......but I don't know for how long yet. ..

The chickens are starting to come home to roost, but they are not all in quite yet.. The stuff I talked about a year ago is just starting to happen.....That snowball is much bigger than a year ago and I am not sure how much farther they can push it. ..

My viewpoint on this might be a bit simplistic by Keynesian standards, but if a country has nothing to back their currency then they cannot print money forever with no repercussions...........The BRICS countries are already trying to get rid of the petro dollar..........and western countries...

I don't know why my first post didn't take, but this is a dead cat bounce.................................LMAO>>>>>>>.........

Hi, Dentist............. The Euro is getting ready to make a comeback and then a huge crash................

And all of the central banks of the world are very negative......................

These guys and gals cannot prop up everything forever...............This is going to be a disaster on their part...........This is just like anybody's household budget only on a larger scale..............no one can go negative forever..............

Here we go..............The basic Elliott Wave structure for an impulse wave is 5 and the basic structure for a corrective wave is 3....................WAIT A MINUTE HERE!!!!!!!!!!!!!.......All western countries are doing Quantitavive Easing, so normal market rules don't apply here...........My...

The problem with this entire structure is that it is an expanding triangle. The fourth wave of a triangle is always the most likely to overshoot or undershoot the trendline targets...........Since this move is obviously over the trendline and it made new highs on April 3 or 4 then after a...

I will be honest here for everyone. Sometimes Elliott Wave patterns are pretty clear and sometimes there are too many possibilities available to make a trading decision. When there are too many possibilities then I do nothing until things get clearer. Right now on the daily it is my opinion...

Please remember that this is a monthly chart and not an hourly chart. I am looking at a really big window here, so don't do anything stupid tomorrow.

I am attaching the current Dow Jones monthly chart with my Elliott Wave labels for an expanded diagonal, which is a,b,c,d,e for a corrective move off of the current highs. My screenshots come from freestockcharts.com so anyone go look for free there. I will not post charts from my trading...

I know that there is a lot of controversy about Elliott Wave Theory. My goal is to share what I have learned thus far about it as a trader and hopefully it will benefit some other traders. I can say from what I have learned thus far is that there is no "magic bullet" to trading or anything...