Major Indices, TTP

Hi Traders,

Before getting into this Comparative Analysis of the Major Indices, check the Elliott Wave Bootcamp in SYDNEY.

THURSDAY Nov 14: ELLIOTT WAVE BOOTCAMP in Sydney (8 hours for $650).

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DESCRIPTION

• Learn to successfully master the "Wave Oscillator" to identify safer entry/exit points.
• Spot the major turning points.
• Identify profitable long running trades
• Identify and avoid bad losing trades
• Keep your trades running for as long as needed 
• To successfully master the "Wave Oscillator" to identify safer entry/exit points.
• Spot the major turning points.
• Identify profitable long running trades
• Identify and avoid bad losing trades
• Keep your trades running for as long as needed 

If you want to be part of the ELLIOTT WAVE BOOTCAMP in Sydney:

• click on "HERE" to be re-directed to a Payment Gateway.
• for further information call Richard Vatner at City Index Sydney: 02 9270 3618.

...

MAJOR INDICES: TTP

Apologies but I won't display the usual charts as there are far too many charts to work on.


I checked 4 indices: DJ30, FT100, S&P500 and SPI200 and we seem to have a common Time Turning Point this month, possibly  between Mon Nov 18 and Fri Nov 29. 

If this analysis is correct, this might be an important top. It should be the top of "major wave 3" in the weekly chart (not displayed).

Hence, a major retracement might follow to form "major wave 4" over several weeks following this top.

"Major wave 4" usually take the shape of an a-b-c-d-e, meaning that it might last for quite a while.

Hence, be very careful for the rest of the month and use the "Wave Oscillator" to spot this turning point if it occurs.

I'll keep you updated.