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  1. #1
    Market Maker AndyB's Avatar
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    Default Free live Elliot Wave analysis, Indices, Forex, Crude, FAZ/FAS

    Hi all,

    Just thought I'd share this with you, Roy Silverstone of the Elliot Wave Practitioner has just opened a live trading room where you can see his charts, wave counts and trades on indices such as the Dow, Rifin, SPX500, Dax and some currencies/commodities.

    More interesting really for futures traders. Today/Yesterday he called it spot on - this was a screengrab from yesterday's session on the S&P500



    And the result was? 910 then a big 15 point selloff. Nice

    Ok so check his website out its pretty good if you're into trading currencies. Oh he also covers the RIFIN (Russells 1000 Financial Services Index) which covers FAZ/FAS also.
    We have said it on a few occasions lately, and we say it again today, more loudly ... a STORM is brewing ... and the moves in the AUD, USD, Yen only serve to add to the inter-market meteorological evidence in support of a strategic trading theme defined by the words ...

    ... 'seek shelter from the storm'

    Gregory T. Weldon, May 20th Money Monitor

  2. #2
    Pit Master Ensui's Avatar
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    Default Re: Free live Elliot Wave analysis, Indices, Forex, Crude, FAZ/FAS

    Besides using the charts of the S&P or other indexes/stocks have you ever tried using Bull/Bear sentiment charts and Oscillators in your technical analysis? I've seen them being used before in conjunction with index charts and from what I've seen it helps.

    Bullish Investor Sentiment Once Again at March Levels -- Seeking Alpha

    Chart on.
    Last edited by Ensui; June 25th, 2009 at 07:00 PM. Reason: added link

  3. #3
    Market Maker AndyB's Avatar
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    Default Re: Free live Elliot Wave analysis, Indices, Forex, Crude, FAZ/FAS

    Ensui, thanks for your post on this. I know a lot of analysts use bull/bear sentiment as a perfect contrarian indicator. For instance, at the March 09 bottom there were 94% bears on the indices. That is a screaming buy signal!

    Likewise recently the dollar has a mere 13% bulls. That tells me we are not far off a comeback in the dollar

    Just its getting the data - where do you get bull/bear sentiment from?

    BTW a quick look at that article and it shows sentiment has turned bearish. That in itself tells me we are not at top yet in the indices. When the top is in, investors will still be bullish, buying the dip for the next big leg up, that sadly for them, won't materialise ...
    Last edited by AndyB; June 27th, 2009 at 01:57 PM.
    We have said it on a few occasions lately, and we say it again today, more loudly ... a STORM is brewing ... and the moves in the AUD, USD, Yen only serve to add to the inter-market meteorological evidence in support of a strategic trading theme defined by the words ...

    ... 'seek shelter from the storm'

    Gregory T. Weldon, May 20th Money Monitor

  4. #4
    Pit Master Ensui's Avatar
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    Default Re: Free live Elliot Wave analysis, Indices, Forex, Crude, FAZ/FAS

    I don't really know where to get daily info on bull/bear sentiment. I am a subscriber to H.S. Dent and in his technical analysis section he refers to bull/bear sentiment charts from Jake Bernstein (trade-futures.com). I never read any of Bernstein's stuff, but I see a lot of criticism of him.

    Dang.... Jake has a cheesy looking website.

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