Elliott Wave Training

Are you looking to learn the Elliott Wave principle? Or maybe you already have some experience and want to find the ways to improve your skills better.

Click on this post for details:

http://wavepatterntraders.blogspot.com/2012/04/elliott-wave-training.html



Showing posts with label JPM. Show all posts
Showing posts with label JPM. Show all posts

Sunday, September 28, 2014

Elliott Wave Analysis of JPM (J.P. Morgan)

I have been monitoring this stock for a while now, the thing that stands out is the remarkable similarities between now and the rally from 2002 - 2007. Its almost like a twin of the prior rally, if thats the case we can expect some fireworks soon as this is now hitting both time and price fibonacci targets.

Lets take a look at the time equation aspect. its overshot the 86 months cycle date, but still inside a small cycle date of a poss 45 months cycle high, whilst price is the arbiter of any analysis its pleasing to see that we so have some potential symmetry in time, as well as price.



Lets look at price. We can also see that we currently have a 3 leg advance from the 2009 lows, price has just hit the measured fibonacci target where [C] would equal [A], thats important as a common target for a Zig Zag correction is where wave C would equal wave A, the next common fibonacci relation should be where wave C = wave A x .618.

If we take a look at a possible wave count, its could be at an interesting junction, if the move from 2007 - 2014 is a repeat of the rally from 2002 - 2007 then we potentially are on the cusp of a reversal.


Lets look back at this idea in a few months.

Thursday, December 20, 2012

Market Report: Using Goldman and JP Morgan to Predict Turning Points

Goldman (GS)

A couple of stocks I like to follow are GS and JPM to forecast pivot turning points in the US stock markets, particularly the SPX.

You can see how JPM and GS appear to be tracking the SPX well and that it's my belief that if we can track potential Elliott Wave counts in both Goldman and JPM, we can find an edge to the US markets and use that information to forecast major peaks and turns in the US stock markets.

If you overlay SPX, GS and JPM with each other, there is a clear bonding between the 3 markets.


SPX versus GS and JPM

Read the rest at : http://www.safehaven.com/article/28134/market-report-using-goldman-and-jp-morgan-to-predict-turning-points