Elliott Wave Analysis & Forecast, GE, M1, 20160411In my view the prices are going upward in light blue wave c of blue wave x and the ideal target for this wave is near 37-38 area where we will find massive resistance and bear enters into the market. How ever there is possibility that this blue wave x can extend up to 45 - 46 area but it is matter of time. Once blue wave x finish and will place top we see sharp decline in last wave of correction towards 5-6 area or even lower. But for now, we have to look sell trade on any bearish weekly candle near 37-38 area. Short term traders can by this stock at current price or better targeting 35 area while stop loss will be @ 27.
mukhiuddin
Tijaratnetowork
Elliottwave Analysis, DJIA, M1, 20160408Today i counted Elliott waves on DJIA chart and for simplicity and better view i convert chart into log scale.
In my opinion, this index has been going in uptrend since after great depression in 1930 ends.
Economic historian attributed the start of the Great Depression to the sudden devastating collapse of US markets, and afterwards there been a great debate among analysts to conclude the cause of such depression. Whether its due to reduction in investment spending or fall of money supply, we cannot rule out First WW consequences that put great impact on Europe then US.
Now this index is near to complete last green wave v, which is expected to finish in coming months around 21-22000 where we will see long term top of the index. Completing this this green wave 5 will also end red wave 5 and Blue wave III. Now question is that "Will blue wave IV" is an indicator of another great depression ???
Is end of Blue wave III indicate another great depression near to start in Blue wave IV. If it is the case then the ideal target for blue wave IV will be 450 in coming decade. Remember this time not world war happened but spent trillions of borrowed US$ on Iraq, Afghan and Middle East wars are, surefire steps to another great DEPRESSION.
muhiuddin
Elliott Wave Analysis & Forecast, #AAPL, M1, 20160406This pair has finished brown sub five wave structure into main red wave 3 on April, 2015 near 134 and then completing its correction in red wave 4 towards its ideal target 50 in long term. We will expect this correction as simple abc correction, but there is also a possibility of double and threes combination that is usually occurs in wave 4. Once this correction is over long term trend will resume and we will see a sharp rally in red wave 5 towards 150 area en-route to 160 or even higher.
muhiuddin
Elliott Wave Analysis & Forecast, #MSFT, M1, 20160404Refer to my previous Monthly analysis on January, 2016, We slightly changed in our short term view. red wave 5 of green wave iii of blue wave 1 has not been finished yet and we expect one more upside rally to finish red wave 5.
Once this red wave 5 finished we will see correction in green wave iv towards 40-41 area where we expect that this share placed long term bottom before uptrend will resume towards 100 or even above. We saw first correction in green wave ii is simple so we can expect complex correction in green wave iv.
muhiuddin