Here´s a little EW trick I noticed on Sunday with that Rosetta post as 60 min.
These triple flats can be many ways on there, they are difficult of cource since they can even x3 to make more of them, but counting the numbers itself might help often and after one triple flat something important should be trying to respond - even after the fact as afterwards it´s helpfull that something important potentially has ended.
More complex means better response in EW, usually once ended.

A post on Ritholtz’s Big Picture blog reflected a conclusion I recently reluctantly needed to begin facing.  Regular readers know that for over two years I have been tracking the path of the S&P 500 Index in what I call … Continue reading →

The early morning dive across markets took the S&P and Dow Jones Index down to their respective 20-day MAs. All indices were able to recover by the close, but not before triggering technical 'sell' signals for MACDs for the aforementioned indices. Bull can take comfort from the sharp drop in trade volume; it was well below that of last week and didn't rank as distribution.

Today's touch of the 20-day MA in the S&P looks like a successful support test, but should there be a second test this week then it will likely break and the 50-day MA becomes the next support level.

Today the SPX carved out a reversal bar - higher high and lower close from the previous session. We are looking for minor corrective action to bring us half way back to roughly 1300 before resuming the uptrend towards our 1344 target.

There was much conversation today about how the housing and banking industry was leading the market higher ….. which reminded me of a post I made close to a year ago on May 11, 2011 entitled “Homebuilders and Financials: The … Continue reading →

Focus on Iran and crude oil prices ; Red arrow = Key resistanceABC pattern almost activatedBlue arrows (thick) = Probable war with IranBelow purple arrow = Global slow down (I doubt it)Focus on defense stocksWar = Higher demand for $USD ???? We shall soon find out

SPDR Gold Trust ETF (GLD) ;1) Can you predict the next pattern ?2) Based on the current "facts" (global economy, financial crisis, currency war), we shall expect the following scenario (see the blue arrows)3) Can this scenario change ? I doubt it, unless some invisible hand makes a miracle ...4) Stocks or Gold ? Both , focus on high quality stocks with decent dividends.

Dual intraday divergences can be very helpful in pinpointing short-term turns (reversal) in price which create ideal low-risk, high probability trade set-ups for the intraday index futures or ETF trader.

Let’s highlight a good example reference from today’s action on January 13th using the @ES Futures contract as our proxy.

Click for full-size image.

Daily Chart

5 Minute Chart

Europe was downgraded but did that actually only finished the low for some time ?
Europe was bullish today where parrticulary companies who do export did rally. 
Once again, the most strong gains were seen in Nordic Territory (the export territory).
Uber busy week ahead in US to which I am entering with pretty neutral minds, I have MSFT but I am slightly carefull with Intel, it looks a toppy for me as 5 five.

Earnings Expectations for the Week of January 16th, 2012 
Wells Fargo