The elliott wave lives on oew an objective approach to the elliott wave theory preparacion para radiografia de columna lumbosacra

The week started at SPX 2707. After a dip to SPX 2699 on Monday the market rallied to an uptrend high of SPX 2725. On Tuesday a quiet open led to another uptrend high at SPX 2739. After that the market started to pullback. After dipping to SPX 2724 on Wednesday, it declined to 2687 on Thursday, and 2682 on Friday. Then the market rallied to SPX 2708 in the afternoon. For the week the SPX/DOW gained 0.15%, and the NDX/NAZ gained 0.55%. On the economic front the sparse reports were mostly negative. On the downtick: factory orders, ISM services, and consumer credit. On the uptick: both the trade deficit and weekly jobless claims improved. Next weeks reports will be highlighted by the CPI/PPI, industrial production and retail sales.


The ECRI continues to rebound after hit preparacion para radiografia de columna lumbosacra bioimagen a low of -6.5% about a month ago.

We have been tracking and commenting about the foreign markets for the past several months. This week most made new uptrend highs before getting caught up in the US pullback. The Nifty (India) joined BVSP (Brazil) in its third wave up from their 2018 low. They are obviously slightly ahead of the rest of the financial world having bottomed early.

In the US the long term count remains unchanged. Super cycle SC2 low March 2009. Primary I high May 2015, and Primary II low February 2016. Major wave 1 high October 2018, Major wave 2 low December 2018. Intermediate wave i of Major 3 should be underway now.

We have also been tracking five criteria to determine if this uptrend is a B wave rally, with a retest of the December low to follow. Or, the December low ended the bear market and this uptrend is the first of a new bull market. The five criteria we have been tracking: length of rally, wave structure SPX/DOW, wave structure NDX/NAZ, the percentage gain dolor lumbar causas emocionales of the advance, and the NYSE percentage level of stocks above their 200 dma. Over the past few weeks 4 of the 5 have turned positive. The reason we have a long-term 80% uptrend (bull market) probability.

We are still waiting on the SPX/DOW to quantify five waves up from the December low. We now have four waves and a possible fifth wave rally underway from Friday’s low. Should the market continue to rally, and make new uptrend highs, that would seal the deal. If the SPX instead drops below 2520 before making new uptrend highs, the uptrend would be considered a three wave zigzag, and a retest of the lows would eventually follow.

For the past few weeks we have been posting what we have called a squiggle chart. It displays all the quantified smaller waves of this uptrend. It ran into a little turbulence on Friday, and in its place we post a simplified hourly chart of the SPX. This represents escoliosis izquierda our quantified short term count. A rally above SPX 2708 would be a positive.

With the three day decline into the end of the week SPX 2739 now looks like it ended Minute iii right in the OEW 2731 pivot range. We had reported on that pivot being a potential short term top on Wednesday. The Thursday/Friday decline has quantified as a Minute wave iv. Now all the market has to do is get back to SPX 2739 and we have a quantified impulse wave. We noted the importance of SPX 2520 in the previous section.

Great News! We have just completed our 2019 update of the OEW lesson plan. Over the past four years we have been compiling additional verified and quantified observations in the various markets. As a result, the new lesson plan has been expanded hernia discal lumbar sintomas y signos to thirty lessons, with nearly all real time charts.

Objective Elliott Wave, (OEW), is a quantitative approach to the Elliott Wave Theory. OEW is not textbook Elliott Wave. It is a proprietary technique that defines every significant wave within bull and bear markets quantitatively. All markets are driven by long term investor confidence cycles. When the cycle is positive a bull market unfolds, when negative a bear market. The OEW technique not only determines if a market is bullish or bearish, it also determines how far a market has progressed in its current cycle.

This is not a course, this is one on one private tutoring. You may take as long as you like to fully grasp the material and concepts at hand. It is not complicated. Actually, you will be amazed, after some period of time and dedicated study, how easily you will be able to discern the waves as they unfold contractura lumbar izquierda. OEW quantitatively identifies all the medium, and long-term waves that create bull and bear markets. Every one! We have been applying this technique, successfully, for nearly 40 years.

Once you learn OEW you will be able to quantitatively research the historical price performance of any asset class, or stock, and determine its current position within its overall long-term trend. Quantified waves never change. Then using shorter term charts, you will be able to determine good entry and exit price areas in the asset you are tracking.

We first uncovered this technique in the early 1980’s when doing an analysis of the entire history of the US stock market. We still have those charts. When waves are determined quantitatively, mathematically, they never change, past or present. At that time our analysis led us to believe that a stock market crash was likely in late-1987 to early-1988. Then another bull market would be underway. When the stock market did crash in October 1987, and a new bull market began in December 1987, we knew estenosis lumbar sintomas we had quantified the Elliott Wave Theory.

Over the years OEW analysis has led to some important projections in just the stock market alone. We projected the 1987 top and subsequent crash, called the Dec. 1987 low, the July 1990 top to the day, the 2000 top, the Oct. 2002 low, the Oct. 2007 top (in early Jan08), the Mar. 2009 bear market low nearly to the day, the 2016-2018 bull market (in mid-2016), and the recent bull market top in 2018.

In Bonds: OEW confirmed the bull market in 2007, then turned long term bearish in 2016. OEW pinpointed the bull market high in Crude at $148 in 2008, turned bearish, and then turned bullish in Q2 2016. In Gold: identified a new bear market not too far from its 2011 $1900 high, and we remain bearish. In currencies: OEW tracked the bear market in the USD until 2011, signaled a new bull market, then turned bearish again in 2016. In Real Estate: OEW identified preparacion para radiografia de columna lumbosacra the bull market top in 2005, and then turned bullish in 2012.

Bull and bear markets can last for years. Medium term uptrends and downtrends only last for a few months and are often mistaken for changes in long term trends. OEW analysis not only confirms when changes in long term trends are occurring, but also allows one to track a bull or bear market as it unfolds.

Many are familiar with the original three Dow Jones Averages: Industrials, Transports and Utilities. The mainstream media reports daily on the first two, but hardly pays any attention these days to the latter. In the following paragraphs we will display escoliosis lumbar de convexidad derecha how what appears to be random growth patterns are actually repetitive growth patterns using OEW.

To the untrained eye, after the 1932 crash low, it looks like a major low in 1938, 1970 and 2009. Its three biggest bear markets over the past century. When we apply OEW quantified analysis we see something a bit different, and a series of repetitive patterns. No randomness at all!

After Cycle waves [1] and [2], 1932-1938, we see a simple P1-P2 (blue), a simple M1-M2 (black), then a five wave (purple) M3, followed by a five wave (purple) M5 to complete P3 (blue). Then Cycles waves [3] and [4] complete in 1973-1974, and the same exact pattern starts all over again. A simple P1-P2, a simple M1-M2, a five wave M3, followed by a five wave M5 to complete P3. SC1 and SC2 then conclude in 2008-2009. Then the same repetitive pattern starts all over again. This suggests Intermediate iii of Major 3 should be underway next.

Notice it did not end its depression escoliosis sintomas crash until 1942. Then it looks like a major low in 1970, and another major low in 2002. When we apply OEW quantified analysis we see a totally different series of repetitive patterns, unique to this index.

Cycle [1] starts off with a lengthy P1 and P3 (blue), and ends with a five Major wave (black)P5. The after the Cycle [2] low in 1974 the pattern repeats with a slight alternation. Cycle [3] starts with a lengthy P1 (blue), a five Major wave (black) P3, then a simple P5 (blue). Then after the Cycle [4] low, SC 1 high, and SC2 low, the initial pattern (1942-1965) begins to repeat again. This suggests P5 should subdivide into five Major waves next.

The week started at SPX 2665. After a gap down opening on Monday the market hit SPX 2624. After that it rebounded, and continued to work its way higher for the rest of the week. Tuesday hit a high of SPX 2651, Wednesday SPX 2690, Thursday SPX 2709 and Friday SPX 2717. For the week the SPX/DOW gained 1.5%, and the NDX/NAZ gained 1.5%. On the economic front reports for the week were mixed. On the downtick: Case-Shiller, consumer confidence, ADP, pending home sales, Chicago PMI, plus the unemployment rate rose. On the uptick: new home sales, monthly payrolls, ISM, consumer sentiment, wholesale inventories and weekly jobless claims improved. Next week’s highlights: SOTU address and ISM services. Plus the ECRI continued to rebound for the third week in a row, after a low of -6.5%. Best to your week!

As noted in previous weekend reports going back to September, we have been tracking several selected foreign markets. We had hernia discal lumbar ejercicios prohibidos noted they had turned bearish well ahead of the US market. Then when the US market turned bearish in October they were all aligned. As the US market was selling off in December, for the worse December since 1931, these markets were displaying signs of being in their last bear market downtrend. In January some were confirming uptrends off that low. Now we have Australia, China, Hong Kong, Singapore and S. Korea all in confirmed uptrends. We concentrated on Asia for obvious reasons.

We have a data base of DOW weekly charts, labeled in OEW terms, going back to the year 1900. It has been a great reference over the years. I actually first did this work back in the early 1980’s. Recently we uncovered an interesting long term wave relationship. In recent times, between the end of one Primary III and the beginning of the next Primary III has been exactly 16 years. In example; 1933-1949, 1966-1982 dolor lumbar derecho causas and 2000-2016. The previous set, and we question the DOW data prior to 1921, was 1916-1933 – 17 years. There should no longer be any doubt we are in Primary III.

The weekly chart remains unchanged except for the update of a tentative green Major 2 to a standard black Major 2 labeling. That positive RSI divergence looks fairly compelling right now. A Super cycle wave 2 ended in 2009. Then a Primary I bull market lasted from 2009-2015. The Primary II bear market that followed was relatively short and bottomed in 2016. After that we had a five wave Major 1 bull market to 2018. And recently a Major 2 bear market from October – December 2018. An Intermediate wave i of Major wave III bull market should now be underway.

We have been tracking five criteria to help us determine if the Xmas low was the bottom, or a retest of that low will be required. The five criteria were detailed in last weekends update. Currently four of the five criteria are positive: largest rally since bear market began, NDX/NAZ impulse wave, 14+% advance of the escoliosis lumbar ejercicios lows, and this week NYAD above 37%. The only factor left is an impulsive SPX/DOW. It looks impulsive, but it has not been quantified as five waves just yet – still three. This is the reason for the 80% probable long term uptrend.

The medium term uptrend was confirmed this week. As a result we have labeled the Xmas low at SPX 2347 as Major wave 2. This uptrend should be Minor wave 1 of an Intermediate wave i bull market. We have only labeled two waves thus far, with a third underway: 2520-2444-2717. This chart is where we are looking to quantify five waves in this uptrend.

One last note. We have been tracking the SOX index nearly from inception – 1994. We first wrote about this index on the blog in 2010: https://caldaro.wordpress.com/2010/12/02/sox-index-update/. It appears, yet again, a 2-year cycle low bottomed for the SOX in December 2018. Often this leads to an explosive move in this index to the upside, i.e. 2016-2018. Sometimes it doesn’t make much of a move at all, i.e. as noted on the chart in that writeup. In either case a 2-year cycle low for the Semi estenosis lumbar tratamiento’s is often a good sign for growth stocks.

The short term count doesn’t look much different on the hourly chart from last week to this – except for higher prices. The reason, as we noted above, is that we have not been able to quantify more than three waves. We have been able to quantify the very short term movements on what we call the squiggle chart – first presented last weekend.

Just two new waves this week. The selloff to SPX 2624 on Monday, then the uptrend high at SPX 2717 on Friday. Thus far it looks like we have completed Minute waves i and ii, Micro waves 1 and 2, and Nano waves i, ii, iii and iv, with v underway. When Nano wave v (gray) concludes, it will also end Micro wave 3 (orange). Then we should see a sizeable pullback for Micro 4 before the SPX rallies to a higher high to complete Micro 5 and Minute iii (green). After that we should see even a larger pullback for Minute iv before the uptrend ends at higher highs to complete Minor wave 1.

Short term support is at the 2656 and 2632 pivots, with resistance at the 2731 and 2780 pivot radiografia de columna lumbosacra dieta. Short term momentum ended the week at neutral after putting in a negative divergence at the SPX 2717 high. Best to your trading the Rock Star FED speak week!