A Crystal Clear Elliott Wave View Toward Approaching Top ~ The Risk Averse Alert

Friday, April 02, 2010

A Crystal Clear Elliott Wave View Toward Approaching Top

On Wednesday I highlighted a trend developing at all levels during the formation of fives waves up from March '09 bottom, wherein second and fourth waves consistently are unfolding with altering biases. When second waves unfold with a sideways bias, fourth waves unfold with an upward bias, and vice versa.

Lo and behold, in the unfolding of five sub-waves forming wave 5 (of five waves up from March '09 bottom) this same characteristic is being revealed...


You see this in the formation of wave ii of 5 (upward bias) versus wave iv of 5 (sideways bias).

You see it again in the five sub-waves forming wave v of 5. Wave 2 of v of 5 has a sideways bias and wave 4 of v of 5 is unfolding with an upward bias.

You also see this same characteristic contrasting the second and fourth waves that unfolded in forming wave 3 of v of 5 (the second wave had an upward bias, whereas the fourth wave had a sideways bias).

Well, how about that! And so, just how close is completion of the fifth wave of five waves up from March '09 appears crystal clear.

* * * * *

© The Risk Averse Alert — Advocating a patient, disciplined approach to stock market investing. Overriding objective is limiting financial risk. Minimizing investment capital loss is a priority.

Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.

Nothing is set in stone. Nor is the stock market's path of least resistance always known. More often than not, there are no stock index option positions recommended.

There's an easy way to boost your investment discipline...

Get Real-Time Trade Notification!