Elliott Wave 5.0 "Reboot"

Friday, March 4, 2016

E-Mini DJIA Intraday Action Review



The jobs report produced very little violence, but still we had some moves in both directions. In short a real boring reaction.  How it fits in will still remain to be seen as the markets should carry right on before they were rudely interrupted with a jobs report. In reality, there are reports or fundamentals out all the time, which the North American herd doesn't even read about. 

It could all have to do with the election as everybody is trying to get rid of Trump, Stop Trump by all means necessary, and if it seems they are winning then stocks go up. 

I still may have to adjust on a few peaks, but so far the impulse still seems to be alive.   Up to now the three indices were in the same pattern, until out present correction.  This is very frustrating  and I have to look at all three indices to figure out a wave count. We need the markets to surge and then we know we are still on track. 

When we start running into the time that waves 3-4 and 5 have to play out, then we have to watch for triangles and very choppy or diagonal patterns.