Archive for the ‘Elliott Squawk’ Category

October 15, 2012

Squawk Morning Briefing: Plausible Bounce Potential

We can count five waves down in both the DJIA and the Dow Futures. That doesn’t mean that the move won’t continue further, but it is a warning that we may be starting a move upward. If so, then we start to address the question of whether or not we are heading […]

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October 12, 2012

Squawk Morning Briefing: Considering Currencies

Strictly speaking, there are limits to how correlated U. S. equities are with the Euro / U. S. Dollar exchange rate. The clearest example of this is that back in July equities were already in the process of recovering from a correction off their highs yet the Euro was making multi-year lows. […]

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October 11, 2012

Squaw Morning Briefing: Bounce Will Tell The Story

Once five waves down complete and we get our first bounce we’ll be able to tell whether the trend has turned down or not. It is possible that we’re preparing for that bounce now; we can count five waves down into the FibGrid treeline in the Dow futures. It is also possible in the […]

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October 9, 2012

Squawk Morning Briefing: Caution Recommended — Still

Everything we see continues to suggest topping action in U. S. equities. Nevertheless, we discuss two observations in our videos that impact our outlook:

It appears likely that the high isn’t yet in.
The next short-term trend may be down.

So while we are waiting for a clear trend to assert itself, we need to be aware that […]

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October 8, 2012

Squawk Morning Briefing: Earnings Again

Once again, earnings season is upon us with AA scheduled to report on Tuesday after the bell. Company reports could be a catalyst to drive prices out of the recent range. Today’s videos have our updated view on where we see things going.

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