It's Brian Johnson with some notes and musings on Elliot Wave. I know EWI hasn't been the most consistent lately in their market direction……but that doesn't mean Elliot Wave is completely useless to a trader. Here are some examples of some ways to incorporate EW into your trading and make it a valuable tool for your toolbox.
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Slope End Of Day Video for Week Ending 070111
Brian Johnson here with an end of the week wrapup. Are you all tired of me yet?!?! What an amazing week we had! That wave 3 really put the bulls in a giddy mood before the three day weekend. I hope you all got to play along this week. Great moves on FAS and FAZ, great moves on the Indices, I’m very excited with how the week went. I might actually be able to afford a Pabst Blue Ribbon tonight! I know….I like the expensive stuff. I hope you all have a great weekend and I’m glad to be able to give back to Tim’s site. He needs a rest every now and then so I hope he and his family enjoyed themselves this week.
Intraday Update for July 1st
Brian Johnson here with a quick intraday update on where we stand on this first day of July. Markets are still raging upwards and it appears we’re not done yet with this move. We had some great entries on some things to play today so it’s been a very nice week for the bulls as it’s been nothing but upwards with very little in the way of pullbacks.
Market Close Update Video 063011
Brian Johnson here with another after market video wrap up. Some very nice entries were given to us today on the long side and it sure appears that we are in a wave 3 of something. The 50 day moving averages went down without much problem and the bulls had no trouble holding them into the close. The month is over so let’s see if they decide to hold those moving averages into the last day of trading. Remember, this is a three day weekend so make sure you decide what to do with your positions going into the 4th!
Stocks To Watch – GME MEAS MORN
It's Brian Johnson with some stocks to keep your eye on as we progress into the end of this week and the start of July. I wish I could claim credit for finding these but alas it seems one of my students is to be given the credit for digging these up. Please excuse me if these are from some other source but heck…..they're REALLY nice setups!
GME is showing a really schweet head and shoulders play here. Target on this is down around the $22.50ish range which should coincide with the 200 day moving average.
I think MEAS is a good long over $35 and back to the $36 mark for the gap fill.
MORN Has tried multiple times to break that $61 area and it may get turned back again but if we could just get up and over that 61 number I'd be tempted to try this long back into the 64ish area.
