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AlphOmega Commentary for
DJI on 27/08/2010
Open 9.982,18, Low 9.936,62, High 10.159,88, Close 10.150,65 Change 164,84
Please note that all wave counts are based on the high low price in this commentary!
The present wave patterns are:
fast amplitude (8%): bullish wave 1
moderate amplitude (13%): bullish wave 2
normal amplitude (21%): bullish wave 1
slow amplitude (34%): bearish wave 2
DJI is long term Bearish as the 144 days moving average of 10.332,60 is decreasing. The Relative Strength Index is at 43,05 in the neutral territory. The Relative Momentum Index is at 35,18 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at -167,39, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 26,83. This value is in the oversold territory.
Weekly Pivot Point Resistance and Support
The first weekly resistance level is at 10.413,63 while the second resistance level at 10.613,63. The first weekly support level is at 10.080,43 while the second support level is at 9.947,23.
Additional information not directly related to Elliott's methodology
Tomorrow's projected High: 10.266,90, the projected Low:10.043,64. The top 21-day Bollinger band is at: 10.735,79 while the bottom 21-day Bollinger band is at: 9.817,46.
AlphOmega Commentary
for
ETE on 27/08/2010
Open 10,10, Low 10,00, High 10,30, Close 10,15 Change 0,00
Please note that all wave counts are based on the high low price in this commentary!
Warning! AlphOmega Elliott Waves HV v1.1 has detected a possible point 4 of a WolfWave (21%) pattern for ETE. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4. The estimated target price is 10,30.
The present wave patterns are:
fast amplitude (8%): bearish wave 1
moderate amplitude (13%): bullish wave 2
normal amplitude (21%): bullish wave 1
slow amplitude (34%): bearish wave 2
ETE is long term Bearish as the 144 days moving average of 12,34 is decreasing. The Relative Strength Index is at 43,82 in the neutral territory. The Relative Momentum Index is at 37,50 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at -0,50, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 42,41. This value is in the neutral territory.
AlphOmega Elliott Waves HV v1.1 has detected an Isolated Low at 9,74 one bar ago ; this is usually a bullish sign that is not to be used alone!
Weekly Pivot Point Resistance and Support
The first weekly resistance level is at 10,64 while the second resistance level at 11,12. The first weekly support level is at 9,91 while the second support level is at 9,66.
Additional information not directly related to Elliott's methodology
Tomorrow's projected High: 10,38, the projected Low:10,07. The top 21-day Bollinger band is at: 11,87 while the bottom 21-day Bollinger band is at: 9,13.
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