AAPL - going up

AAPL

ABC correction just took place and Apple inc is entering into wave 3 of wave 5

DAX

DAX Daily

Alternation guideline did not take place - both 2 and 4 are zigzags - what is strange.

AGN - Allergan Inc

AGN

Biotech in slow uptrend. Things will be little turbulent when wave 4 will come.

SPX - not giving up

SPX

Big re-labeling. Nothing to do here.

Attention, get ready for descent

SPX

Currently SPX posed for downside move. I must to admit, the current count looks ugly and easily can be argued. But unless rules are broken this is it. Next downtrend will target $1492 zone.

SPX says "I'm fine, give me another one"

SPX

SPX failed to create downside impulse. Another stage of wave re-labeling... nothing is invalidated, just things keep stretch in time.

You can buy some gold now

XAU/USD

You can buy some gold, but it's not rally yet... It will stop around $1700.

SPX - how long?

SPX

Timing is everything. I think everybody already talking about reversal... But just think about how much money you would have blown up on put time premiums during last month. SPX just bought another couple of days hiding from crash.

SPX - match point

SPX

Another critical point. Ending diagonal must stop there.

Apple - $390 here we come

AAPL - long term

It seems Apple Inc. will teach "retail" investors a lesson... Wave 5 is just around the corner. Wave equality between 1 and 3, alternation rule (wave 2 was sharp and wave 4 is flat correction) just boosts chances for this scenario...

Priceline inc

PCLN

One good guy asked me to make analysis of this stock so here it is... Elliott wave says $200 pull back is just around the corner. It could be sharp decline in case of flat correction takes place or another zigzag will come. But definitely this stock will see a new high some day, but it can take couple of years to get there. I just don't want to post long term outlooks for stocks in correction phases.

I like Baidu

BIDU

Great case for long term portfolio stock... wave 4 might just have ended and next year we will see new up trend.

FB - future uncertain

FB

$17.55 to $30.56 - corrective formation, probably double combination, could become triple combination. Current decline could be the second wave (x) to form triple combination or start of the new formation of the
same degree as double combination.

Future uncertain here. The only thing that matters right now - impulse waves head down. It means we are in downtrend.

New highs coming

SPX - short term

I don't read news, but Bernanke must say something to show must go on... 1525 level will be critical for this scenario. Grab popcorn!

SPX - new count

I think old count no longer valid and we must switch to the new one.

SPX - long term

This is more pessimistic one... instead of wave X in global correction SPX is finishing wave 5 which took form of ending diagonal. This means we have some more upside to 1580 area but after this mark everything becomes dark...

SPX - short-term

Fibonacci cluster is at 1585 and people should exit their longs there... Still, it does not mean you should go short right there.

Game over for Citigroup?

Citygroup Inc. quickly approaching critical fibonacci cluster.. On one of these levels will be final.. Price should not go above $53 - it will invalidate wave count.

C - Long term

C - short term

Apple update

AAPL

AAPL almost finished wave 3 of the downfall and poised for correction. Don't buy too much though as it could be flat correction and prices will just continue to fall. Wave 5 is expected to be the shortest one in this impulse formation. Current scenario will be invalidated if price will go above $505 mark.

CREE is slowing down

CREE

This crazy uptrend will stop in a couple of days and we will have ability to place shorts and buy stock later at better rates. Long term view (if you plan to hold the stock for the next year or more) is bearish.

First Solar, Inc

Big correction started at First Solar, Inc.  Prices will jump a little higher into $32 area after small decline that is almost finished now. But make no mistake, it will be just wave B of the correction so new lows will follow.

FSLR

Netflix update

NFLX

Nothing special here, slow uptrend