Any questions?

Sunday, December 30, 2012

$GLD: Gold ready to rally?

GLD 2012

This is our latest EW count and a rally is near, coincidentally with a probable downfall of markets.
The symmetric triangle has been draw only for study purposses because we do not make decisions based on this type of chart patterns. For example, theory in this case is :"The symmetrical triangle is mainly considered to be a continuation pattern that signals a period of consolidation in a trend followed by a resumption of the prior trend".

What is happening on $SPX and what could happen next years with $AAPL.Trying to explained in easy words.

My brother, who is a physician, and admits becoming overwhelmed when I talk to him in technical terms asked me to explain what follows in simple terms. This is what I wrote to him and I want to share it with everybody that is not skilled or familiar with Elliott waves. "The process that has been happening to the $SPX index since the year 2,000 is none other than an account of the pay growth feast we experienced in financial markets since the year 1975, when the index was 72 points and then reached 1,472 points in the year 2000, i.e. 1,400 points in only 25 years or 1,844%.  The good news is that the bad times which have been going on now will end soon when the wave cycle or super cycle 2 is in place and marks the start a new growth cycle with a new cycle or Supercycle wave 3 that we imagine will have a more sustainable magnitude.

 Same goes for AAPL which has had a parabolic growth from 75 to 704 (878%) in only 3 years 6 months but, its process could be just starting to develop and can have huge waves up and down just as we are trying to figure up in a chart attached. Everything has its cycle and there is no forever and ever"

AAPL 2012 2019?

SPX 2000 2013

Saturday, December 29, 2012

$SPX discussion at

RE:$SPX Elliott waves count 2007 2012
From:Scott Willis
To:Elliott Wave Analysis
Posted:December 29, 2012 3:44 PM
Subject:RE:$SPX Elliott waves count 2007 2012

If the run-up since 2009 is wave 1, that means that 2000-2009 was an ABC. Call me naive, but I don't think a correction of this magnitude would begin 7 years before the major top in 2007.  The correction starting in 2007 will be my assumption  going forward unless someone can help me prove myself wrong.

Also, supporting this contention is that in a secular bear market (starting in 2007), the wave 2 correction from the lows in 2009 to present has a psychological feel.  That is one where the masses believe things are back on track, we made it through the bad stuff, and new highs are near. When in actuality, the economy is severely worse than it was at the start of wave 1!  Since I believe that's where we are  psychologically, the count from the 2009 low is a 5-3-5 zig-zag, which ended in October, 2012.  Going above 1442 will invalidate this read.  I would like to be convinced otherwise, because I'd like to be bullish again. It's much more fun!
Scott Willis
Investment Analyst/Portfolio Manager
Trading Talents
Fort Worth, Texas

Show Original Message

RE:$SPX Elliott waves count 2007 2012
From:Manuel Aparicio
To:Elliott Wave Analysis
Posted:December 29, 2012 4:54 PM
Subject:RE:$SPX Elliott waves count 2007 2012
Hi Scott,

I am once again exhibiting my count since 1928 to the present date, in which you can observe that in the years 1975 to 2000 a huge primary(cycle) wave 3 was developed. Price went from 72 to 1,472 in an "overwhelming" bullishness and this episode is the one responsible for the process we are now, before a cycle(supercycle) wave 3 bullish process can start its developing.
Once again, I have requested the board of Directors of the MTA for a meeting to discuss my 4 new rules to be used in the Elliott waves Market Analysis Theory; the ones I will be able to share once they have been approved.


$SPX & $AAPL discussion at

We are using again this blog because we need it to share this interesting conversation on the community:

RE:$SPX Elliott waves count 2007 2012
From:Manuel Aparicio
To:Elliott Wave Analysis
Posted:December 29, 2012 3:14 PM
Subject:RE:$SPX Elliott waves count 2007 2012

I have received this Message From: Panagiotis (Panos) Dantis:

Dear Manuel , I think we are not going to see new lows in S&P500 index. In 2008 we saw a panic . Such things occur only once in 100 years period. I do agree that we are in new cyclical bear market, but from Elliot point of view, 2009 up to 2012 we had wave 1of 5 , a clear impulse, and now we are in a wave 2 of 5.
And your AAPL chart supports that..its a 4 wave that will go down possible to where A=C, but then wave 5 will target at least 880 and most probably above 1000 and that would have positive impact to investor sentiment and indexes.

it is a pleasure discussing with you. Thanks!
Panos, it is a pleasure discussing with you as well...
Yes, we are basically agreeing that prices are going down because we are in new cyclical bear market.  In what there is an interesting discussion point is if this downfall will be bigger or not than that on 2008.
I'm sorry because I haven't introduced my "particular" labeling of waves and I have made a mistake and colored a primary wave as blue and it should have been red; as I'm showing now in this new chart but, from 1991 up to 2012.
In our chart we are showing an alternative count, considering that cycle wave 2 could be in place on 2009 and that will be the alternative you are subscribing.  In the AAPL case, we both are right and my chart is pointing to that alternative. What I was interested in showing was that it is possible that a truncate minute wave 5 is in place, so we do not expect further upside now.


Tuesday, December 4, 2012

We will be out of service on our blog:, until further notice.

To our dear readers of our blog and followers  on StockTwits, Twitter and tradingview, we inform you that we will  use our extra time that our civil engineering profession and employer on the industries of construction and real estate, to prepare a book where, we will introduce our new 4 rules for elliott waves, including the seventh rule: "accuracy" and proper use of various tools of technical analysis, provided that the basin is in the Fibonacci sequence and other observations we noticed the market behavior in particular situations.

Best regards

$AMRN: EW count and forecast.3 EW rules & our 4 new EW rules OK.

We have recently share with the community our seventh new EW rule and in the,above,chart we are checkin with the 3 EW rules and our new 4 EW rules.  

$SPX: EW count and forecast with first three EW rules & our fourth, fifth, sixth and seventh rules OK.

We have present, some days ago, our seventh EW rule: Accuracy This chart, above, is with all seven rules OK.

Monday, December 3, 2012

$AMRN: More about EW rules.

This is what we mean with dramatic definition, red or black when a first or third wave is in place. Here is where our fourth, fifth and sixth EW rules can help but with a lot of work and markets move quickly.

$AMRN: Our seventh EW rule: ACCURACY.

In this chart, in real time, we whant to show you, what we mean by accuracy.

Saturday, December 1, 2012

Our seventh EW rule: "Accuracy"

We have twited, some minutes ago, in Stocktwits, our seventh EW rule: "The accuracy", as waves react exactly to Fibonacci, inclusive with decimals. Under the twit, we are reposting from May 21, 2012 

Monday, May 21, 2012 when we call for the change of direction in the $SPX chart, because the third Elliott Waves rule: Wave four can't invade territory of wave 1 and wave one was in place at 1,292.66 and so it happens.Price, later return the downside but after confusing the market.

@ppearlman @howardlindzon $SPX $AAPL" /This is our seventh EW rule: Accuracy Waves react exactly to Fibonacci decimals

$SPX: More about the 1,292.66 pivot point as third EW rule.

IF price continue respecting the third EW rule: " A wave 4 can't invade wave 1 territory", the 60 min MACD can give us,later, some confirmation for a change of mood in markets.

We think that, maybe, wave 5 is in play with price action at this hour : 13:11 ET

MACD breaking downtrend line. Good signal to the bull theory. 14:45 ET

Friday, November 30, 2012

$SPX $AAPL $EURUSD $AMRN $BAC Shortly we will present 4 new EW rules and other new findings.

Shortly, PeruTraderCharts  will present  to the trader´s community, four new rules for the correct usage of the Elliot Waves.  We will also present the correct usage of the fan lines and the Pitchfork Lines if they are based on the Fibonacci´s Sequence.  Additionally, we will present  the $ NYAD usage in order to alert the vicinity of a bottom or a top of the market.  We understand that we are only adding some new findings to the excellent work done by other parties.  We respect and admire tremendously  the figure of Ralph N. Elliott.
We have been testing our theories for over a year, posting our findings, in real time, on both the PeruTraderCharts blog and communities of StockTwits, twiter and trading views.
We have tried to expose these new tools to the people of StockTwits, so that they can verify our work and help publish these new rules in conjunction with PeruTraderCharts.  It seems that they are not interested in.  Nevertheless, we will continue in our efforts to demonstrate that everything has not been said in technical analysis and new rules are being discovered.

$EURUSD: EW count and forecast.

We have call for a wave ,down and that is what it seems, looking todays price. We will see what happens next sunday.

$AMRN: Hourly EW count and forecast.

Sub minute wave 2 is in play and really can go, up to 15 and continue respecting all EW rules.

$AMRN: EW count and forecast, with important information additionally..

On the chart above, we are showing the EW count and additionally we are sharing with our followers, how markets work before price goes up, with a wave 2 in play or goes down, with a wave 4 in place.

Thursday, November 29, 2012

$SPX: EW count and forecast.

Against all odds, price has broke our fourth and fifth rules using EW so don't was wave 3 in place and wave 4 in play but, is wave 1 in place and wave 2 in play with a max target in the 1,475 area.

Monday, November 26, 2012

$AAPL: EW count and forecast.

We are relabeling our count as wave 3 is in place and wave 4 is near the target with this count.

$AMRN: EW count and forecast.

We have 2 alternatives and both are bearish for next days. Today, micro wave 5 has respect, all day, our Pitchfork 50%  line.

Saturday, November 24, 2012

$AMRN: EW count & forecast. Odds favor subminute 4 is on place.

We have been calling for alternative count ( subminute wave 2, up) but, the milestone: 11.57 hasn't been broken in 5 bulls attack so, we think that subminute wave 4,up, could be on place and micro waves 1 & 2 of subminute wave 5, down, are in place.

Friday, November 23, 2012

$AAPL: EOD EW count and forecast.

Our current count is considering subminute wave 4 is in place and now, micro wave 4 of subminute 5 is near to be in place. Max target to this micro retracement is  578.08. IF price surpass this milestone,we will checkout this count.

$AMRN: EW count and forecast. 11.56 again and again.

11.56 has work as ressistance of this retracement. I"m turning bearish so we will keep on the side ways

Wednesday, November 21, 2012

$AMRN: 11.57 again playing as ressistance

11.57 has been, last week, like a wall for AMRN price to complete wave 2. This am rally looks with the necessary strength to beat the 11.57 milestone. we will watch very closely because IF this opportunity is not taken advantage, the wave 4 alternative will have the odds  of his side.

Saturday, November 17, 2012

$SPX: EW count and forecast.New count for the possibilitie of Primary wave B continue in play.

Last week, because price has get below 1,370, we call that primary wave B continue in play. We are starting to focus on this blog main idea. We are public testing some "new" rules of Elliott waves and testing some Fibonacci tools and Pitchfork lines, draw with Fibonacci secuense. We can't present our study until we are very sure that our observations are completely proven. We are near to share with all the community our observations and mean while we are publishing, each day and on real time the result of our studies. Obviously, our studies of "new" EW rules or new tools with fibonacci secuense can't asure 100% of targets IF they are not correctly used.
We have read, again, the medium term EW count for $SPX, where intermediates wave a and be are in place and we are counting now, intermediate wave c of primary wave B of cycle wave 2,down.

This count respect the 3 EW rules and our "new" EW rules and respect fibonacci secuense. 

This alternative EW count, considers minor wave 3 of intermediate wave c continues in play and minute wave 3 of minor wave 3 is in place. IF this count is right, minute wave 4 is,now, in play and has a target :1,294.89 so this minute wave 4 respect the third Elliott wave rule.

$AMRN: EW count and forecast. 11.57 continue intact and so the alternatives subminute wave 4 or 2.

This count is been very ,very tricky. Our final intest in our blog is testing some new rules for Elliott wave count and testing new uses of fibonacci and Pitchfork when lines are obtained with Fibonacci.
Our count,now is that micro wave a is in place and micro wave b continue in play. Meanwhile price continue playing in-between 10.16 and 10.57, this count continue valid. We continue firm in the possibilitie that this will be finally a subminute wave 2, so price has to go up further 11.57

Thursday, November 15, 2012

$AMRN: EOD EW count and forecast. 11.57 will be,again, the milestone.

We continue forecasting that 11.57 will be the milestone, that will tell us, definitely if this retrace is as a wave 4 or as a wave 2. If this is a wave 4, expect a big downfall with target below 10 and If this is a wave 2, expect a rally, up to 12.70 and after this a big downfall to continue searching the last milestone of this big downfall ,with a target of 5 or below.

$AMRN: EW count and forecast. Meanwhile 11.57 is intact our wave 4 or alt wave 2 are on play.

We have call some days ago that AMRN is in a retrace as a wave 4 or as a wave 2. Also, we have call some days ago that 11.57 is the milestone that will show us if this is a retrace as wave 4 or as wave 2. We have bet that this could be a wave 2 so we are more bullish and price could go further up.

$SPX: EW count and forecast. Primary wave b of cycle 2, down could be in place.

Because 1,370 has been broken to the downside, the possibilitie of our count with a last push up as a minor wave 5 to complete primary wave B is now, negated. Because our last count is negated we have change our count with the possibility of primary wave B on place so, the big downfall forecasted a year before could have start.

$SPX: EW count and forecast. Relabel of our count. 1370 is broke.

Price has broke 1,370 so our alternative of a minor (green) wave 4 down and a last push up, as a minor wave 5 is negated. Now we are counting considering Primary wave B is in place so the big downfall has started.

Wednesday, November 14, 2012

$AMRN: EW count and forecast. Bigger picture to understand our count al 13;20 ET

Our count posted before continues valid and both alternative for subminute wave 2 or 4 (orange) continue on place.

$AMRN: EW count and forecast.

If this retrace is a wave 4, 11.07 should stop it so a last push could reach 11.57.

Tuesday, November 13, 2012

$AMRN: EOD EW count and forecast.

We have been calling that, 11.57 will show us if this retracement  is, as a wave 4 or as a wave 2. Tomorrow, we think, this could happen.

$AAPL: EW count and forecast.

Last sunday, we make a call for a wave 3, in place ( don´t know the degree,now), saying that the 61.8% Pitchfork line was confirmed, on friday, so we have now a bullish bias and a target, up to 590. Yesterday the call was recomfirmed. We have, also, call that AAPL is in a huge retracement, as a primary wave 4, down, so this bullish setup is inside a bigger bearish bias.

Sunday, November 11, 2012

$AAPL: 60 min chart. Short term EW count and forecast.

In the short term, maybe, AAPL could be bullish as a wave 4,up (Don't now the degree now). Possible target IF we are right, could be 590.

$SPX: EW count and forecast.

Yesterday we call for a wave b, in place very near to the line we were cheking as the milestone for this wave. Price has give another push down to, exactly, the milestone, so we have to relabel our chart. The rest of our call mantaines on place as a our call of a bullish bias or setup with a minor wave 5,up, that has just start.

$SPX: EW count and forecast.

Any retracement has to be contain by 1,370 so minor wave 4 could be in place.

$AMRN: EW count and forecast.

Yesterday EOD we call for a bullish setup and that we where beting for a wave 2, up so we feel more bullish. Today, 11.57 will be our clue for calling a wave 4 or a wave 2,up.

Monday, November 12, 2012

$AMRN: 5 min chart with EW count and forecast.

Early we have been posting about AMRN and about the channel in-between the 100% and 76.4% Pitchfork  lines where the price has move all day. We make a bet that the bullish alternative will be the one and EOD price has break up. We think that, watching todays price, the Alt wave 2 will be finally the one and because this, we feel more bullish.

  1. Perutrader

    $AMRN $AMRN. Iwill bet for the break up of the 100% Pitchfork line. Bullish
     via TradingView
  2. Perutrader

    $AMRN $AMRN . Price is in-between two Pitchfork lines. 100% and 76.8%. If price breaks the first is bullish. If price b
     via TradingView
  3. Perutrader
    SPX: EW count and forecast.
  4. Perutrader

    $EURUSD $EURUSD. Once 1.2713 breaks this is bullish Bullish
     via TradingView
  5. Perutrader
    $EURUSD: 12 years EW count and forecast.
  6. Perutrader

    $AMRN $AMRN. Thinking that wave b of 4 or Alt wave 2 is on play. Bullish
     via TradingView
  7. Perutrader

    $AMRN $AMRN. This wave b of wave 4 or Alt wave 2 could retrace hard, inclusive down to 10.17, but we think that this wav