Elliott Wave Analysis of IBB (Biotech Sector ETF) by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of IBB (Biotech Sector ETF) by Sid from ElliottWavePredictions.com. Click on the charts to enlarge. A quick glance at a weekly chart of IBB (above) shows the obvious parabolic rise into the July 2015 top. Parabolic bubbles are followed by crashes, so is the crash in the Biotech sector already finished, as […]
Elliott Wave, Hurst Cycles and Fibonacci Analysis of the Dow Jones Industrial Average (DJIA) by Sid from ElliottWavePredictions.com
Elliott Wave, Hurst Cycles and Fibonacci Analysis of the Dow Jones Industrial Average (DJIA) by Sid from ElliottWavePredictions.com. Click on each chart to enlarge. The Dow Jones Industrial Average is down only 2.33% since the Friday September 19 all-time high, but Hurst cycle analysis is already suggesting that a major top is “in”. As I […]
Sid’s Technical Take on the Long-Term Expectations for the Hang Seng Index ( HSIX / HKHI )
With U.S. stocks in nose-bleed territory, many money managers are smartly on the lookout for investment alternatives. The Hang Seng appears to be a decent intermediate-term option in my opinion. By combining Hurst Cycle Analysis and Elliott Wave, I’ve developed the roadmap below. Since the October 2011 (Burgundy B) low, which, by the way, was the US stock market low since […]
Elliott Wave and Hurst Cycle Analysis of the U.S. Stock Market by Sid from ElliottWavePredictions.com
Elliott Wave and Hurst Cycle Analysis of the U.S. Stock Market by Sid from ElliottWavePredictions.com. Click on the charts twice to enlarge. Many Elliotticians (including myself) regard the Y2K peak in stocks as the Supercycle wave 3 top. Supporting evidence includes the record-high RSI reading at that peak, as shown on the quarterly DJIA chart below. While many times, […]
Elliott Wave Analysis of the Gold Miners ETF (GDX) by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the Gold Miners ETF (GDX) by Sid from ElliottWavePredictions.com. Click on the charts twice to enlarge. Today’s slight new low in the GDX below the June 26 low is a big deal. Essentially it sends a message that the GDX has further down to go over the next few months and […]