Sunday, November 14, 2010

Elliott Wave Analysts: Global Market View = Selling Power Is Limited

Copyright © 2010 Tony Caldaro - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.
DJIA - 60 Minute HLC Bars, Wide (700)
S&P 500; 60 Minutes
On November 1, Elliott Wave International's Currency Specialty Service posted the following end-of-day forecast. (Some Elliott wave labels removed for this article):  EURUSD
Anthony M. Cherniawski, President and CIO
Will the VIX break out this week?
SPX reversed at the 61.8% retracement level.
The NDX 5-point reversal may be finished. 
New highs in Gold are not confirmed.
$WTIC completed a seventh wave within its Broadening Top.
The Shanghai Index reversed at a potential neckline.
$USD approached its 10-week moving average.

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