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: The Boy Who Called Top
They say that the hardest trade is often the best trade. At times, it seems like the hardest thing is to do nothing, but often that is the best thing to do. We had been advocating waiting before recent weakness had us looking for short setups. We had some that played out for small wins […]
Squawk Evening Update: We Were Right and Wrong
It appears that we were right to express caution on seeing only three waves down in the DJIA. We said that there was nothing that would prevent price from going straight up from Monday’s close and that is what ended up happening. The wave structure allowed for the possibility since we had only seen three […]
Squawk Alert: DJIA Update
Since our briefing both the Euro and YM have popped. Hopefully you received our communication on the Euro. The likelihood of a significant DJIA opening gap changes our view of the wave count and we are sending this update to let you know.
Squawk Morning Briefing: Euro Opportunity Right Now!
The financial media have already decided the cause of Monday’s weakness. It seems that we’re all “pacing” ourselves for earnings season and a bit nervous about Friday’s employment report. We think that the wave structure tells the story and speaks for itself. Markets were extended and ripe for a pullback, a move we are now […]
Squawk Evening Update: A Dangerous Time to Short
Today saw broad weakness in equities and risk currencies. While we have been anticipating a down day, it would have been hard to see the near vertical rise and not expect some form of pullback. The greatest risk to being short right now is that we’re not going to see more than a pullback.
There is […]
Squawk Morning Briefing: The Start of an Interesting Week?
The DJIA did what it needed to on Friday and touched the FibGrid 1932 snow line. Perhaps it is the last time for a long time. We need to wait and see. For now, the direction appears to be down. The Euro continued to show strength on Friday but has been weak overnight. While we […]
A Reliable Way to Set Grid Section for TOS
Usually it is pretty straightforward to find the right grid section on TOS, but sometimes it’s elusive and hard to figure out where the grid is relative to price. Here is a technique that will reliably allow you to figure out the right grid section every time. It may have a few steps, but it […]
Squawk Morning Briefing: Mixed Signals
Equity indices fell hard in five waves down from an opening pop on Thursday, potentially indicating a turn. The Euro also fell, but apparently in three waves — a signal that they might want to go higher. These two need not trade together, so these moves are not a contradiction, but it is easier for […]
Squawk Evening Update: Again Looking for Confirmation
Today we once again saw some of our topping patterns play out, but this has happened before so we will continue to look for confirmation. The Dow was probably the most dramatic example, it popped through the top of trendline of the ending diagonal as is expected of that pattern and then failed, with a […]
Squawk Morning Briefing: Stuck
Somebody needs to make the first move. But until it happens, the dominant trend remains in force; that trend is up. So without some shock to set a new direction, we amble forward. But we’re out of energy and are barely putting one foot in front of the other. Somebody needs to give a push […]