Technical Analysis of Financial Markets

Monday, September 01, 2008

Boeing Co. (BA) - Elliott Wave


Manufacturer of aerospace & defence systems and jetliners, Dow component Boeing, has completed a 5-wave Elliott impulse formation between April 2003 and October 2007. Current price action may be scheduled to rally towards the underside of the Neckline of a broken Head & Shoulders pattern (coinciding with the 38.2% Fibonacci retracement level of the 5-wave Elliott move), where wave-c of a corrective a-b-c formation may resume.

1 comment:

maxbo said...

Hi Steve,

Thanks for your very interesting posts.

I appreciate your use of Elliott Waves next to other charting tools.

Can I ask you what you think about

BZP:AMEX
PBR:NYSE
RIG:NYSE
FWLT:NASDAQ?

Thanks,
Max