Managematics
David Starr is better known as Managematics to members of the First Wave chat on ThinkOrSwim. Most use his many freely-distributed implementations of First-Wave technical studies and his regular market commentary, including timely trading insight based on Elliott Wave analysis. David's acclaimed FibGrid and DynaRange indicators are available right here on FWTrader.com.
Squawk Morning Briefing: Topping Chatter
It seems that everywhere one looks in Elliott Wave circles people are looking for the top to be in for equity markets. Indeed it may be since it has met minimum expectations as we cited a few days ago. Despite minor new highs in the DJIA we continue to have a wave count which support […]
Squawk Morning Briefing: Right or Wrong?
Yesterday we made reference to an earlier video about trading profitably even when a wave count is wrong. You can find it in our September 10th briefing. It may prove useful in the current situation. Yesterday prices continued upward at the open and headed up to the FibGrid 1932 fire line on weakening momentum that […]
Squawk Morning Briefing: Minimum Expectations Met
The push to a new high in equities on Monday has them meeting minimum expectations for a turn, a concept we describe in an article in our learning resources section. This does not mean that the move is over, just that it could be over and it is subject to confirmation or non-confirmation. How one […]
Squawk Morning Briefing: When Will it End?
Weekly charts from last week tell the story: we haven’t moved very much lately. Choppy movement in a tight range is a hallmark of corrective waves. What remains unclear is whether those corrective waves are over and we’re starting to enter trend again, or whether the chop will continue. We continue to be able to […]
Squawk Morning Briefing: Little Change in Markets or Outlook
Yesterday we mentioned that it looked like corrections were incomplete and that led to a choppy, sideways day. We still haven’t seen a sign that the correction is over and until it does, we’ll continue to be prepared for chop. While we might see a larger range within the correction or a larger net change […]
Squawk Morning Briefing: Waiting for Pattern Completion
Most all markets are in corrective patterns or are beginning to emerge from them. The structure of corrections can often be complex and by their very nature they are choppy so it can be dangerous to anticipate their end prior to seeing some confirmation of a return to trend or an extremely clear and precise […]
Squawk Morning Briefing:
Our Fibonacci time projection date of December 8th has come and passed. Whatever predictive power these time relationships have is also qualified by the fact that they’re rarely exact so we can give a few days leeway, but we didn’t put much stock into it to begin with. The DJIA did not put in a […]
Squawk Morning Briefing: The Public Rally
Fifth waves are also sometimes referred to as the public phase of a rally. Once confidence grows in a trend direction, the broad public can provide the fifth and final push as those who saw the early stages of a move close out their positions. Media and social mood seem to reinforce the notion that […]
Squawk Morning Briefing: We’re Bad. We’re Bad. We Know It.
With apologies to Michael Jackson we note that markets on Friday seemed to embrace his notion that bad was good. Wave counting measures the impact of social mood on markets. These two concepts are intertwined and they can reinforce each other until one reverses. When overall mood remains good we can see situations like those […]
Squawk Morning Briefing: Starting Target Search
With the pattern on the DJIA more like it favors a fourth wave correction we’re starting to analyze where we might see upside targets taking us in a fifth wave. And with the Euro possibly nearing the end of a smaller degree second wave correction, we want to find targets for the end of that […]