You are on page 1of 25

August 11, 2009

© 2009 by Forkoholic.com
Dear traders and investor!

I'm Serge and I'm a Forkoholic, creator of Elliott Wave


Forkology! Who is a “Forkoholic” you’d ask? Forkoholic is a
person/trader who utilizes (sometimes too much! Lol ) usage
of pitchforks in their trading setups and technical analysis.

I’m glad to introduce to you "EWF’s MUP (Market Update)


Frequent, almost daily publication on US Markets, including
$SPX, precious metals, commodities, futures, forex.

Check Forkoholic.com website for other services and


publications.

- Forkoholic Serge -
2009, California, USA.
DISCLAIMER:
ALL MATERIALS IN THIS ARTICLE ARE FOR INFORMATIONAL
AND EDUCATIONAL PURPOSES ONLY AND NOT TO BE
CONSTRUED AS A SOLICITATION OR AN OFFER TO BUY OR SELL
ANY SECURITIES OR RELATED FINANCIAL INSTRUMENTS.
BEFORE MAKING ANY INVESTMENT CHOICE YOU SHOULD
ALWAYS CONSULT A QUALIFIED FINANCIAL ADVISER. YOU
CAN’T INVEST DIRECTLY IN AN INDEX.

THIS PUBLICATION IS FOR INDIVIDUAL/RETAIL


TRADERS AND/OR INVESTOR ONLY!

IF YOU ARE AN INSTITUTIONAL INVESTOR AND/OR A HEDGE


FUND OR ANY TYPE OF INDUSTRY INSIDER:DEARLER, BROKER,
CFO, CIO, ETC YOU HAVE TO PURCHASE OUR INSTITUTIONAL
EDITION.

COPYRIGHT NOTICE

FORKOHOLIC.COM GRANTS TO YOU A WORLDWIDE NON-EXCLUSIVE REVOCABLE


LICENSE TO: VIEW THIS PUBLICATION AND THE RELATED CHARTS ON A
COMPUTER OR MOBILE DEVICE; COPY AND STORE THIS PUBLICATION ON YOUR
PRIVATE COMPUTER OR PRIVATE MOBILE DEVICE; PRINT PAGES FROM THIS
PUBLICATION FOR YOUR OWN PERSONAL AND NON-COMMERCIAL USE.

ALL OTHER RIGHTS ARE RESERVED BY FORKOHOLIC.COM

FOR THE AVOIDANCE OF DOUBT, YOU MUST NOT ADAPT, EDIT, CHANGE,
TRANSFORM, PUBLISH, REPUBLISH, DISTRIBUTE, REDISTRIBUTE, BROADCAST,
REBROADCAST OR SHOW OR PLAY IN PUBLIC THIS PUBLICATION IN WHOLE AND/
OR IN PART (IN ANY FORM OR MEDIA) WITHOUT FORKOHOLIC.COM PRIOR
WRITTEN PERMISSION.

ALL CHARTS USED IN THIS PUBLUCATION ARE COPYRIGHTS OF THE FOLLOWING:


STOCKCHARTS.COM, FREESTOCKCHARTS.COM, QUOTETRACKER.

© 2007-2009 BY FORKOHOLIC.COM
Pitchforking your way to profits
As you remember last night’s MUP suggested a rally this morning:
“We can attempt to rally to at least 1012—upper Yellow fork line in
the morning and evaluate from there. “
And we indeed rallied in the futures up to 1013 area before starting a
whole day’s decline. 990 area could provide some support as you can
see we‘ve been here several times. Our channel we mentioned
yesterday got broken today as well

© 2009 by Forkoholic.com
Pitchforking your way to profits
Mid-day pop managed to get us back to the median line of Yellow
fork from below. We count this decline from 1018 as an ABC with A
& B complete. Only question remains if C completed at today lows
or it subdivided into another abc. Tomorrow is FOMC
announcement so as always we can expect some “fireworks”.

b
B

a
A

© 2009 by Forkoholic.com
No1 Tops Indicator
In topping process
Some divergences on MACD

© 2009 by Forkoholic.com
No2 Tops/Bottoms Indicator
Bearish, lower low

© 2009 by Forkoholic.com
No3 Tops/Bottoms Indicator
Topped

© 2009 by Forkoholic.com
Market Structure Indicator
Bearish, lower low

© 2009 by Forkoholic.com
$TCP (CBOE Total Call/Put) indicator
Bullish, higher high

© 2009 by Forkoholic.com
$ECP (CBOE Equity Call/Put) indicator
Topped

© 2009 by Forkoholic.com
$NYMO indicator
Bearish, crossed 0 line

© 2009 by Forkoholic.com
$NYSI indicator
Bullish, divs

© 2009 by Forkoholic.com
$BPSPX indicator
Bullish, some divergences, flattening

© 2009 by Forkoholic.com
$NYMOLOGYST indicator
Bearish, topped, lower low

© 2009 by Forkoholic.com
Total Volume
Volume drops—ahead of FOMC?

© 2009 by Forkoholic.com
Capital Liquidity
Neutral, attempt to break out to upside from triangle

© 2009 by Forkoholic.com
Summary of daily indicators
Indicators are mixes with some bearishness.

No1 Tops In topping process


Some divergences on MACD
No2 Tops/Bottoms Bearish, lower low

No3 Tops/Bottoms Topped

Market Structure Bearish, lower low


Indicator

$TCP Bullish, higher high

$ECP Topped

$NYMO Bearish, crossed 0 line

$NYSI Bullish, divs

$BPSPX Bullish, some divergences, flattening

$NYMOLOGYST Bearish, topped, lower low

Total Volume decreasing

Capital Markets Neutral


Liquidity

© 2009 by Forkoholic.com
MUP Indicators Explained
As no one indicator as far as we know offers a holy grail we at Elliott
Wave Forkology (EWF) use multiple set of indicators to measure the
market health. EWF’s Market Update (MUP) contains those
several indicators we use every day to detect highs/lows, market
direction, liquidity and sentiment. This article was created as many
of our subscribers asked for more detailed explanation how those
indicators function. As with many other indicators we’re looking for
high/low values on each, as well as divergences on MACD, STO
and RSI of each indicator. We also notice when all or majority of
indicators are in sync, all Bullish or all Bearish, this is called a
confluence of indicators.

Check our “MUP Indicators Explained” publication for detailed


explanation of each of our indicators. That publication is provided
FREE of charge for every subscriber, who subscribed for 1 week or
longer to our daily services as well as our monthly newsletter.

© 2009 by Forkoholic.com
Subscription rates
Daily Market Update (MUP) State of Indicators Daily (SID)
Includes SID

1 day US$3 1 day US$1.5

1 week US$13 1 week US$6

1 month US$49 1 month US$25

6 months US$261 6 months US$121

1 year US$500 1 year US$200

Monthly Newsletter Market Vibrations Report


(MVR)
1 month US$78 30 days US$11

6 month US$382 60 days US$19

1 year US$618

Services at EWF
We provide many other services, including individual Fork & Fractal Reports, as well
as digital e-books & articles. Visit our main website www.Forkoholic.com for more
information

Competitive pricing? At this time we can’t offer competitive pricing as shops like EWI, NeoWave
& McHugh have thousands of subscribers. As we grow quantitatively we will revisit the issue.

© 2009 by Forkoholic.com
Market Fractals Methodology

Fractal Market Methodology used in our technical analysis


is an invention of my good friend and a brilliant technical analyst
Henry Wernicki at www.ElliottFractals.com.

I personally recommend subscribing to his services so you can


learn more about Market Fractals from the master.

Some of my enhancement to the Hank’s original theory as well as my personal views


and interpretations may not have been approved and/or endorsed by Henry Wernicki.

© 2009 by Forkoholic.com
Check out New &
Upcoming Titles from
“Secret Forkoholics Lab”
Series

© 2009 by Forkoholic.com
Individual Services at EWF
Fork Report
Get unique and valuable report for 3 of your favorite stocks, indices, ETFs, commodities.
Report Includes:

Enhanced
Basic Enhanced
+ Intraday

Proprietary EWF’s
Pitchfork analysis & Yes Yes Yes
price projections

Elliott Wave Count No Yes Yes

Intraday EW + Fork No No Yes


Ready in up to 72 hours via E-mail in Adobe PDF Format.

Fork+Fractal Report
Get unique and valuable report for 3 of your favorite stocks, indices, ETFs, commodities.
Report Includes:

Enhanced
Basic Enhanced
+ Intraday

Proprietary EWF’s
Pitchfork analysis & Yes Yes Yes
price projections

Elliott Wave Count No Yes Yes

Intraday EW + Fork No No Yes

Fractal Yes Yes Yes

Ready in up to 72 hours via E-mail in Adobe PDF Format.

Visit main website to purchase


http://forkoholic.com/services.htm
Forkoholics 1000 Club Signup
Hello all! I’m Serge and I’m a Forkoholic! Creator and founder of Elliott Wave Forkology (EWF).
I was forking since 3 years old (kidding!). In late 2007 early 2008 I started learning Elliott Wave
Principle and while testing new trading software package discovered how to apply Andrew’s pitch-
fork in combination with Elliott Wave Analysis and that’s how EWF was born. While looking for a
catchy domain name I came up with name “Forkoholic.com” and I think it’s an instant hit

Today I’m excited to introduce to you June 2009 issue of “Elliott Wave Forkology” Newsletter. For now it’s a
quarterly publication with focus on Elliott Wave Forkology, Market Fractals and Market Cycles. My hope what
this Newsletter will grow and it will become more frequent, possibly monthly/weekly and even daily publication.

I have a lot of great ideas, including rental e-book store with financial books, one of the kind Financial Social Network, Fork-friendly pro-
prietary CHARTING Software (my goal to become No 2 charting software after Stockcharts.com). Just imagine iTunes-like store for every-
thing financial and more...

So what is Forkoholics 1000 Club Lifetime?


It’s an educational financial hangout place devoted to
Elliott Wave Forkology research and studies. It is also a Social Financing project.

We invite only 1000 people to donate $1000 fee for a Lifetime


membership in educational resources of Elliott Wave Forkology.
Signup form http://forkoholic.com/club1000.htm

Members will enjoy following lifetime benefits:


- Free Daily Newsletter covering major markets
- One Free Elliott Wave Forkology book (when published around 2011-2012) + S/H
- Free EWF Charting Software - state of the art elliottician-friendly & pitchfork friendly charting software which incorporates all
principles of EWF (in development/when completed)
- Free online educational courses on Elliott Wave Forkology (when published )
- One Free Individual Fork Report per quarter for 3 of your favorite stocks.
- One Free Trading Book Rental in our Rental Bookstore (online by 2010)
- Unique Members Only Financial Social Network community of traders.
- One Free "I'm a Forkoholic" T-shirt individually sequenced from 2 to 1000.
- Discounts to iTunes-like financial store
- Discounts to Financial Social Network parts not related to Forkology (EWF parts are free) Follow me on Twitter
...and much more http://twitter.com/forkoholic

How money will be spent?


Hiring programmers to write state of the art elliottician-friendly & pitchfork friendly charting software
Hiring designers for website
Website upgrades and maintenance
Creation of instructional courses

*Lifetime – meaning lifetime of the project, meaning if something happens to me tomorrow, you can’t force my children to make a newsletter :)

You might also like