WaveGenius.com

Check out my new design at Elliottwave.info

Elliottwave.info

Elliott Wave Forecast for 11.16.09 (Video)

Elliott Wave Market Update 3:30PM ET

 On all three indices it looks like 5 waves down near completion from the intraday highs...after 5 down, there should be an upward 2, but there's still a chance the 5th makes a new intraday low..market can't just go straight down without a retracement, so I'd look out for that upward 2 either at the close or Monday morning..

Elliott Wave Market Update 2:30PM ET

 The indices , after going sideways for about an hour, have took a dip off the highs...it looks like 5 up intraday and this could be a W2 to correct the move off of yesterday's lows...the DJI and COMP did manage to take out .786 briefly intraday, and that along could help buffer any drop from here..

DJI 10 day chart (Visual)

Elliott Wave Market Update 12:30PM ET

 DJI and COMP are within fractions of breaking .786 to the upside...if and when they break there's a good chance they'll attempt higher highs...as soon as today...SPX is trying to catch up, but if NASDAQ and DJI break, good chance SPX will too...

Bought XXXXX at XXX

Bought XXXX at XXX and calls

Elliott Wave Sector Watch 11.13.09

Internets: GOOG would break at 571.50, AMZN would break at 131.60
Hardware: AAPL would break at 204.20, RIMM upward ABC
Oil: SLB upward 4, CHK small upward 4