From Elliott Wave International
Category Archives: Tools & Techniques
ABCs Come in All Sizes
Last Thursday I pointed out a trade using the A-B-C Fibonacci pattern. Yesterday the market repeated that action. These patterns occur in all timeframes, and often you will see patterns inside of patterns inside of patterns. In today’s 15 minute … Continue reading
Posted in Daily Wrapup, Tools & Techniques
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Marking Time
Yesterday closed with a Test of Top in the Russell 2000, and today opened with a failure of that test. Nothing serious — just another inside day, but when a market makes new highs and can’t continue there is a … Continue reading
Posted in Daily Wrapup, Tools & Techniques
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Extensions Inside Extensions
Fibonacci Extensions are one of my most useful tools. I use them to help me decide where prices may turn and, just as important, where I expect prices to continue. Today we had a series of Fib extensions inside a … Continue reading
Posted in Daily Wrapup, Tools & Techniques
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Comparing Oscillators
Today had some indexes breaking out, the DOW to a record high and the S&P to a six year high. The Russell 2000 tried with a nice early rally, but then went flat in a narrow range for the rest … Continue reading
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Multiple Markets
While many people trade multiple markets or multiple stocks, when I am working on a very short timeframe I feel more comfortable concentrating on one. But that doesn’t mean that I ignore all the rest. On intraday moves, my market … Continue reading
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Tracking TRIN
Watching the overall market, the number of advancing and declining stocks, the rise and fall of sectors, and what is happening to volume is all a part of understanding the context of your trades. Although most traders can see the … Continue reading
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