Timely and relevant quotations from Frost & Prechter’s book: “Elliott Wave Principle”

At times like this, when the main and alternate counts are diametrically opposed, the following passages from Chapter 3 of Frost & Prechter’s “Elliott Wave Principle” seem particularly appropriate: “Trading with the Elliott Wave Principle helps you remain both flexible and decisive, both defensive and aggressive, depending on the demands of the situation.” “The Elliott Wave principle is […]

Elliott Wave Analysis of the S&P-500 (SPX) by Sid from ElliottWavePredictions.com

Elliott Wave Analysis of the S&P-500 (SPX) by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. As equities continue to rally, I’ve received a number of emails asking “Is there another scenario that would allow stocks to continue to rise, possibly to new highs above the 2011 highs?” So here is an alternate […]

Elliott Wave Analysis of the S&P-500 (SPX) by Sid from ElliottWavePredictions.com

Elliott Wave Analysis of the S&P-500 (SPX) by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. The most interesting aspect of the wave count shown above is that price action since the January 5 low counts as a perfect ending expanding diagonal, including a wave 5 that bounces precisely off of a line […]