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Sunday, April 22, 2012

$GLD: 10 years, weekly chart. EW count and forecast. Update.



This is an update of our forecast from some months ago. So far so well. Target for wave 4 continues at 126.11

$AMZN: All time, monthly chart. EW count and forecast.



This is our first EW count and forecast of AMZN. It looks like other charts, facing down in the next months, as an intermediate wave 4 and then a push up. The medium term target (wave 4,blue) is at 137.12

$EURUSD: All time, monthly chart. EW count and forecast.



Yesterday we post our 1 year, daily chart. This chart will help you to understand better our EW count. 
As you can see, the area in-between 2008 and now is a very difficult area to count because there are some count alternatives that respect the 3 Elliot rules. We are trying to investigate some other that could help us in this kind of messy movements.