Elliott Wave 5.0 "Reboot" notice!
I am going to make changes at Elliott Wave 5.0 "Reboot", with a two week slow period between Dec 22, 2013 and Jan, 3, 2014
I will be reducing all my postings during that time, but only post some year end, and other long term reviews in Cycle degree.
I will also be reducing or even dropping all Elliott Wave analysis in the SP500, Russell 2000, Mini Nasdaq, and most single issue stock analysis. I will keep Elliott Wave analysis with the Mini DJIA and my regular commodity and currency updates.
One main reason I will be dropping the general market analysis is; There is a unique difference in the Elliott Waves that form in the general markets, to the waves that form in commodities. There is no comparison between the two as Elliott Wave rules and guidelines, get pushed to the extremes in commodities.
I have always worked my wave analysis in commodities, and will shift my focus effective immediately, to making Cycle degree wave III as my cornerstone. Cycle degree wave IV in commodities is a "Myth", as well as all other wave counts associated with it.
Gold is the "only" renegade asset that does not conform to the pack, but I believe it will in the next 1-3 years.
Wednesday, February 27, 2013
The VIX, Will It Rise Again?
The VIX works like a terminator. When the VIX is down it will terminate the markets advance, and when it is up it will terminate the markets decline. We had a sharp drop in the VIX but it left a small gap in its wake. This gap will get filled but we will see how much power the VIX can sustain. If the VIX has power, it could explode one more time and hopefully break the top channel line. For another sustained bullish advance to happen in stocks, we need a lot more height in the VIX than what it has giving us so far.