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Gold moved UP as a 5-waves. There may some set back to $1300 before a strong move to $1400.

After the return move, there may be Crude Oil 3rd or 5th wave UP to $119.5 .

TRAN is most bullish. May be in Wave V)I3]3) or Wave IV)D]c). The problem is why wave 3's volume is lower than wave 1's.

TRAN still strong despite high oil price.

NASDAQ Wave V)I3]5) versus Wave IV)Bc]3)5. Some resistances near 4500, 5000, 5132 and 5500.

NASDAQ "W" pattern may end after parabolic move UP to round numbers 4500 or 5000, or previous top at 5132.

Currently we may be in Wave V]IV)Dc]5)3.5 or Wave V]V)I3]5)3.5.

Waves in the year 2009 - 2014 may be Wave V)I1]-2]-3] or Wave IV)Da]-b]-c]. If we are in Wave V)I3] volume should be higher than in Wave V)I1]. Decrease volume favors Wave IV)D of an expanding triangle.

This 8-year Wave II) and Wave IV) count says we may be in Wave V) which may rise to 33,000 or 44,800 in 2020. Another count with 16-year Wave II) and Wave IV) may have Expanding Triangle Wave IV) end near 5300 in 2016. New Highs favor former count. Decreasing Volume favors latter count.

Gold last lower low is a false break. It may be wave 2)c. Now may be Wave 3) which may go UP to $1460.

TRAN: After a parabolic move UP, it is not impossible for a CRASH to happen. Note: Bearish Engulfing near multiple measured moves.

Triangle finished. Post-triangle Thrust. May be going UP to measured move at $111.50 or previous high at $114.83 or big measured move at $115.80 .

TRAN Bullish count = V]V)III. TRAN Bearish count is not likely. May be V]IV)Dc]3)5.3 . TRAN is the most Bullish index. For the market to crash TRAN should crash first.

For TRAN to crash and the stock market with it, Crude Oil should surge to $114.8 .

Crude Oil formed Triple Tops near $104.38 resistance. May be going UP to $111.50 when the triangle finished. Or DOWN to $84.80 as an a-b-c. http://www.elitetrader.com/vb/attachment.php?attachmentid=142516&d=1390742291...

$USD went DOWN as low as 78.91 then rebounded to as high as 80.58 . Measured move target = 81.30 .

INDU high at 16,746 just above 16,660. May be going to 17,000. DOWN targets are as quote.

SPX was just above Ending Diagonal target, high = 1925. May be going UP to 1957, or DOWN as ED ended.

NASDAQ rebounded to form a Head and Shoulders pattern. If confirmed NASDAQ may go DOWN to 3820.

Silver triangle broke out DOWNward. May be going to $16.85 or $15.90 .