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Craig Wells
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- Fairhope, AL
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Craig Wells's Discussions
Elliott Wave Analysis & S&P 500
Below I have a chart of the S&P 500 using the 30-minute chart. I have my primary Elliott Wave interpretation in blue and the secondary interpretation in red. The blue-labeled count indicates that…
Replied Mar 1
Elliott Wave Analysis & S&P 500
The Dow Jones followed the NASDAQ by breaking above the 2/2/10 high. So far, the S&P has not duplicated the feat. The Elliott Wave count has to change with the break of the 2/2/10 high. What I ha…
Replied Feb 18
Elliott Wave Analysis & S&P 500
Good job Rich! I have a chart below with my Elliott Wave labels. I have put my eyeballs on this chart for some time and this is my best interpretation. One thing is for sure; if this is correct, the…
Replied Feb 17
Elliott Wave Analysis & S&P 500
Okay, the move today ruled out my triple zig-zag since their is no quadruple zig-zag in Elliott Wave Principles. What steps forward as the interpretation of the pattern up to the 2/11/10 high is a fl…
Replied Feb 16
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Critical Juncture for DUG (Ultrashort Oil & Gas ProShares)
DUG has dropped to the 78.6% Fibonacci retracement level of the move from the 10/21/09 low to the 11/3/09 high. The next couple of days will be critical for this fund. New recovery highs or new lows will be determined very soon.
If a change in trend is taking place, the price must move higher through the 11/4… Continue
Posted on November 13, 2009 at 8:07pm — 1 Comment
XLF Head & Shoulders Top on 15-minute Chart
XLF has shown a potential Island Reversal. This is due to the gap up 10/14/09 and gap down 10/16/09. An Island Reversal is when there is a gap up and then a gap down that isolates price action as in an island.
Five waves down seems to be complete with the low of 10/19/09 (better viewed on the 60-minute chart). Th… Continue
Posted on October 21, 2009 at 7:00pm — 6 Comments
Has SPY topped yet?!
Could the Indexes have made a top today or maybe very near to one? There is a strong case that it has. I have two chart… Continue
Posted on October 15, 2009 at 7:00pm — 2 Comments
Has gold topped yet?!
These are weekly charts of GLD with Elliott Wave labels, which I have added. The first chart is bearish and the secon… Continue
Posted on October 15, 2009 at 1:02am — 5 Comments
Comment Wall (6 comments)
- At 4:13pm on December 12, 2009,
darkdave said…
- At 1:24pm on December 12, 2009, darkdave said…
Hey Craig, my broker acting on outdated email instructions sold it at 76 cents after buying it for me at 80 cents, and then after that it rose to 79cents!!!! so i lost some money there, and then he bought ASX GGG at 57.5 cents and ggg closed at 58 cents. so now im sort of like trying to figure out what to do next, sue him? lol, anyways, what do you think i should do next? I only play with 3 shares in the ASX , GGG, BAU and RRS. im thinking maybe i should leave it in GGG and let BAU fall some more, or do you think it will keep going up? im wondering if GGG will rise up to 70 cents, i got a gut feeling it might , but according to what i learn on this website i dont think it should, and rrs is in trading halt, what are your thoughts on all of this? I have lost 2000 dollars, i had 14k which went up to 15k but instead of selling it, i messed around and now im down to 12.5k
And Craig, heres the thing that is driving me crazy, ... BAU has been dropping for months now gradually... now BAU IS ABOUT TO GO INTO FULL PRODUCTION!!! So why is it falling? surely if they are about to be operational status soon and shipping aluminium to china and they already sent off their first ship aparently... then surely the prices should be going up because they are about to be earning revenue! But why is it doing the opposite of that?Delete Comment
- At 1:32pm on December 10, 2009, darkdave gave Craig Wells a gift…
Hey Craig, im reading your swing traders guide, its GREAT! i bought this stock: BAU ASX just google those two words at 80 cents , its fallen to 76 cents, should i worry?
- At 10:17am on November 18, 2009,
Mike said… - Forgot to answer the reversal question. The key thing to watch is compression of the longer term trend lines. Thats a indication that the trend is weakening. If they all converge that could be a sign of reversal. You would expect the shorter term averages to do that more so you don't really pay attention to that.
- At 10:10am on November 18, 2009,
Mike said…
- Thanks Craig. Currently I'm only using it as a gauge of the current trend. Is it weakening or gaining strength etc. I think it lags too much to use it for entry or exit. Its a pretty recent addition to my tool box so that may change as I play with it more. Overall I like the how the trend sticks out. Much more visual.
- At 1:38pm on October 27, 2009,
Nawaf said… - hi craig nice forum actually i track u discussion ..
if u dont mind can add me in MSN
geologest_04@hotmail.com
thank u
- At 1:01pm on October 22, 2009,
DADMOMDAUGHTER said…
- I've been keeping an eye since Tues. Cramer said Weds. Must be tomorrow?
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ChartWatchers Introduction
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