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"W" pattern confirmations in EUR/USD and Crude Oil :) . SPX's may followed soon :D . Edit: 08-12-09 02:11 AM SPX's "W" pattern confirmation as expected :cool: .

RSI crossed 70% line DOWN :eek: . MACD is about to cross the trigger line :eek: :eek: . The wave that ended may be Wave 3), Wave 4) may end at top of Wave 1) or 38.2% retracement, i.e., 956 :confused: .

The correction is bigger than expected :eek: . This may be Wave 3)3.2 at 3)1 top or at 3)3.1:4, There may a rebound from here :confused: .

ammo, NIKKEI 2009's low is lower than 2003's low. The correction from 1990 to 2009, 19 years, may be a double zigzag correction of Supercycle degree, or a normal zigzag followed by an A-B base. mu.

SPX's 11 waves of the same scale may be equal to 3 waves, so there may be still two more waves, i.e., Wave 3)4 and Wave 3)5, or additional four more waves, i.e., Wave 3)3.2, .3, .4, .5 :confused: MACD turned sideways, ready to turn DOWN to the trigger line :eek: . RSI cut 70% line DOWN 2...

Point and Figure Targets: INDU 12050 :confused: . SPX 1295 :) . NASDAQ Composite 2460 :D . Note: Big Chart.

Crude Oil daily chart new high will confirm Wave 3) count for SPX and EUR/USD :) . Or may be Wave c), but there can be a measured move UP :D .

Wave :5 came at last, Crude Oil near $73, SPX 1015 :) . Now no need for cheap $ . If this is 3)3.1:5 or 3)3.5, there may be another five-waves UP :D .

Thanks Mup, mu. These higher highs look like "the reluctant hero" :confused: . These may wave-5s may be wave five failure :( , and Bull Traps :mad: . Next may be TradeRob's third subwave of wave one on the DOWN side :eek: . Or we are still in Landis' wave iv :confused: .

There may be wave five to $1.445 and $73 :) . But 1060 may be too high for this wave five :( .

EUR/USD high = 1.444, Crude Oil high = $72.3, SPX high = 1003.61. Is this all :confused: ?

Questionable wave count :confused: . Red lines are for SELL Signals. Green lines are for BUY Signals.

EUR/USD 1.44, Crude Oil $71.97, SPX 999.7 :cool: . What's next :confused: .

EUR/USE made new high, 1.4316 as expected :cool: . Crude Oil reached the previous target, $71. Wait and see if the Bullish targets, $73, $1.45 and 1060, are untouchable or not :confused: .

Crude Oil won the race to new high :) . EUR is following. SPX is still waiting. May reach $73, $1.45 and 1060 respectively :confused: . Have a nice weekend everybody :D .

EUR/USD and Crude Oil are racing for new high :) . SPX is waiting :D .

Five waves UP and three waves DOWN :) . There may be a measured move UP to SPX 1010 :D . Blue lines are for BUY Signals. Red lines are for SELL Signals.

Looks like SPX's and Crude Oil's Wave 3)2 are completed, and Wave 3)3s, which may be the strongest wave, have begun :) . EUR/USD is following and has shown 5-waves UP pattern :D .

SPX makes higher high easily :) . Crude Oil is following closely :D . EUR/USD is lagging behing a bit :confused: .

This may be the beginning of Wave 3)3 :D .