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Crude is forming Head and Shoulders pattern. Right Shoulder's target $87. Right Arm's targets $80 or $79.

Wave 5)1.5:4ã or Wave 5)2.c at measured move :confused: . Wave 5)1.5:5 can go DOWN to $77.7, Wave 5)2.c can go UP to $87 :confused: .

This may be Wave 5)2 going UP to $84.6 :cool: . Next may be Wave 5)3 about $7 drop to $77.7 :confused: .

Now may be Wave 5)1.5:5i or v just beyond measured move. After Wave 5)1.5:5v there may be a rebound as Wave 5)2 UP to $84.6 .

Wave :3v might have ended. After Wave :4 may be Wave .5:5.

Crude Oil fractals. There is wave .5. So there should be wave v.

'W" pattern failed. This should be Wave Cc]5)1.5:3iii.iii :cool: .

Crude Oil's Wave Cc]5)1.5:3iii.i-.ii . May be going DOWN as Wave Cc]5)1.5:3iii.iii :confused: . Note: "W" patterns.

$USD breakout of triangle. MACD cuts trigger line UP. May be going UP to MA(200) at 76.31. $XEU breakdown, MACD cuts trigger line DOWN. May be going DOWN to 136. Gold and Silver UP, MACDs cut trigger line UP. May be going to $2000 and $46. Crude Oil falls from end of Wave 1), RSI cuts 50%...

Now we've got the reasons to be panic :eek: . US Sues 17 Major Banks Over Risky Mortgages http://www.cnbc.com/id/44377694 Economy Gains No Jobs in August, Rate Holds at 9.1% http://www.cnbc.com/id/44370439 INDU, SPX and NASDAQ fall from measured move. RSIs cut 50% line DOWN. MACD...

SPX DOWN move looks impulsive. May be the beginning of Wave V]IV)C3]1)5. Note: "W" pattern failed.

First time in 300 hours that DOWN move in Crude Oil looks impulsive.

Crude Oil tried to break $90 three times. Note: Ending Diagonal and multiple "M" patterns.

Gold and Silver have shown fifth subwave of wave c.

Crude Oil fifth subwave of fifth subwave of wave 4)c at end of Wave 1).

Hourly chart: INDU fifth subwave of wave c at measured move and 50% retracement. MACD cut trigger line DOWN. RSI near 70% level.

15 minutes chart: SPX fifth subwave of wave c at measured move and 50% retracement. SPX divergences with RSI and MACD. RSI cut 70% level DOWN. MACD cut trigger line DOWN.

Crude Oil Wave V]IV)Cc]4) should not go above $90. If it did, the wave should be re-count as Wave V]IV)Cc]2 and, Wave V]IV)Cc]1)5 was a wave five failure. Note: divergence between INDU and TRAN.

SPX rebound should end near measured move and 50% retracement at 1230 or low of Wave V]IV)C3]1)1 at 1258.

No panic, so Dow didn't go to lower low. Current rebound, may be Wave V]IV)C3]1)4.c:5 or V]IV)C3]2)c.5, may go UP to 50% retracement or measured move at 11700 or 11730. Wave V]IV)C3]1)4 should not go above Wave V]IV)C3]1)1 end at 11862.