Tuesday, April 30, 2013

4/30/12- EOD Update

60 Min 
There are a few options here that are not too far off. The wave structure up top here looks like a wedge.

The options:

1. The wedge ends tomorrow where I have 5? labeled.
2. The final fifth wave of 5 is an ending diagonal (blue labels).
3. The triangle option (red tri)
4. A third of third of 5 starts tomorrow. Not too sure about this one but if the market opens with a gap and go, this would then be the best fit. (this is similar to the blue labels but iii blue shoots higher).

4/30/13- AM Update

Eyeing a potential ED here. If not a 3 of iii of 5 in the works. Triangle option the next best option.

Monday, April 29, 2013

4/29/13 - EOD Update

No change since the AM update.

60 Min Bull
The bulls are working towards the completion of wave 5 with the triangle option as a strong contender.

30 Min Bear
The bears are barely hanging on.

4/29/13 - AM Update

The bears gave it up again or on the verge of invalidating their count once again.
30 Min Bear

60 Min Bull
The bulls are still looking good. The wave ii pullback of 5 wave very tiny. One thing to watch for is the red triangle I arbitrarily drew on the 60 min above. We'll see if there is any back-n-forth here.

Thursday, April 25, 2013

4/25/13 - EOD Update

Just a slight adjustment today from yesterday. The bears finally printed a clean, albeit small, five waves down. Either the next leg starts tomorrow at the shoot or a small bounce first at the open before resuming lower.

3 Min 
60 Min Bull
The bulls are looking for a wave ii of 5 pullback unless 5 just shoots straight for 1590 and either double tops or truncates.

30 Min Bear
This is the last chance for the bear count. If you have been a patient bear, today may have afforded you the best chance to short this puppy with a clearly defined stop (1597) with minimal risk.

We'll see.

4/25/13 - AM Update

7:15 AM Update - Last update for the AM

The bear's last hope is the 78-90% retracement range.

30 Min - Bear

I mentioned this steep retrace potential last week.

AM Update

The impulse continues...
3 Min 

Wednesday, April 24, 2013

4/24/13 - EOD Update

3 Min 
I tweeted the chart above near the close. If the market takes out the base of the triangle, it is safe to say that five waves up have completed.

60 Min 

Using the 60 min timeframe, it would only signify the end of wave i of 5. Wave ii would retrace somewhere near 1565-1555.

Perhaps the 20 day SMA would be a target near 1566.

30 Min 
Not too much faith in the bears bigger count, however, the bulls also favor a near term pullback.

4/24/13 - AM Update

Lets see

3 Min


3 Min 

Forgot to include the blue option.

3 Min 

Looks like a triangle to me so it must be a wave 4.

Tuesday, April 23, 2013

4/23/13 - EOD Update

The bear count does not quite have an impulsive start down so we should pay attention to the bull option.

30 Min Bear

60 Min Bull

The bulls are working towards completing wave i of 5 if its not already complete. The bulls also rallied the market back over the 20 day SMA after bouncing off the 50 day SMA late last week.

4/23/13 - AM Update

12:25 PM Update 

3 Min
The market finally put in 9 waves up for wave 3 or C (depends if you're following the bear or bull count option below)

We'll see if wave 4 is in progress/complete or a larger pullback is in progress.

 AM Update
30 Min 
Wave c now equals wave a and wave 2 has retraced 1 at 62%.

60 Min 
The bull option is looking for the completion of wave 5.

Monday, April 22, 2013

4/22/13 - EOD Update

So far the market has not disappointed with the bounce as expected for either the bear or bull count option.

If you are a bear, you are salivating at that beautiful potential right shoulder developing near 1570.

30 Min Bear
If you're a bull, you are wondering how high can this fifth wave go.

60 Min Bull
We'll see who prevails.

4/22/13 - AM Update

30 Min 

Saturday, April 20, 2013


I have the bear and bull options below. The bear option may be looking for a wave 2 bounce. The bull option is working on wave 5 up or a wave 4 triangle.

30 Min - Bear

60 Min - Bull

Friday, April 19, 2013

4/19/13 - AM Update

Don't forget about the bull option and the possibility that wave 4 completed as an expanded flat.

60 Min - Bull Option

As tweeted yesterday, the odds were stacking up for a bounce. So far so good.

30 Min 

Thursday, April 18, 2013

4/18/13 - AM Update

30 Min 

The wedge looks complete.

AAPL - Weekly

My AAPL update. 3 or c = 1 or a now.

30 Min H/S

Here is a potential H/S pattern should wave 2 bounce.

30 Min 
Watching this wedge pattern. This may also qualify as a leading diagonal. If so, watch for a potential sharp bounce which could retrace almost 80%. We'll see if the pattern holds.

Wednesday, April 17, 2013

4/1/13 - EOD Update

Looks like 15 and 30 min MACD +ve divergence, so a decent chance there may be a wave 2 bounce (using the red bear count) or a wave d bounce if using the bull option with my bull count variation below (60 min chart).

We'll see.
30 Min 

60 Min 

Tuesday, April 16, 2013

4/16/13 - EOD Update

60 Min
The bulls bounced this back over the 20 day SMA? Is wave [9] in progress? Did the bears drop the ball again? We'll see.

Monday, April 15, 2013

4/15/13 - EOD Update

Looks like the bears finally showed up. Showing daily -ve divergence as well.

Last week I was watching the potential for the extension, this sell off may be a little too steep for wave [8] so there is a good chance the top is in for this wave structure since the Nov 2012 low.

However, should wave [8] remain above the wave [6] low, there may still be room for one more move higher.

60 Min

Wednesday, April 10, 2013

4/10/13 - AM Update

60 Min 
All bear counts are wiped out. Yesterday I posted the extending wave 3 option. This is a very likely scenario here.

Tuesday, April 9, 2013

4/9/13 - AM Update

AAPL Weekly
I haven't updated AAPL in a while. There are some pretty clean waves here. We'll see if its just an abc corrective or a larger degree five wave move.


Since the bears failed to launch a new impulse wave down, one must look at a potential extended third wave (see 60 min chart below, red bracket wave labels).

15 Min 
If the near term potential H/S plays out, we will treat it as fives waves up complete. If not, lets watch the potential for a 9 wave extension for wave (iii).

60 Min 

Monday, April 8, 2013

4/8/13 - EOD Update

15 Min
The bears can't seem to get it together. They lost their nested 1-2 count today and all they have now is a larger double zigzag (blue count) to work with. That, however would only be temporary.


15 Min 
The bears failed once again to create a larger degree five wave move down with the 4-1 overlap. Their only other option now is the nested 1-2 down.

The next best bear option is in blue with a double zigzag down. This will replace red if wave (ii) retraces beyond (i).

Da bull option in black.

Wednesday, April 3, 2013

4/3/13 - EOD Update

So much for that final ED I posted this AM. This could very well be done. Bears should try to break 1525 for legitimacy though.


15 Min 
An ED for {v} or is 3 of {v} extending?

Monday, April 1, 2013

4/1/13 - EOD Update

I say hmmm. Not sure if the bears can get things going here. There is a potential h/s setting up though.

The market has bounced several times off various short term trendlines. We'll see if the bulls do it again.

15 Min 

60 Min

4/1/13 - Intraday Update

Still waiting for the bears. Maybe they will have a shot here or is this an April fools joke by the bulls?

60 Min