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200dSMA still points DOWN. 21dSMA levels and begins to decline. INDU-TRAN Divergence. Illum's Right Shoulder is forming. Boeing:Being on the Death Row :eek: . UPDATE: Qantas Defers Some, Cancels Other Boeing 787 Orders...

$5 rebound from the 23.6% retracement. Crude Oil's next higher high may be the fifth subwave of wave three or wave c :confused: . Rebound from wave iv of a lesser degree (blue line) after the correction may be a buy signal. Invasion of wave one territory (red line) may be a sell siganl.

Rebounded from the red line as five waves UP :) . There may be a measured move UP after some correction :D . Crude Oil ~ $70 after the rebound from 23.6% retracement.

Four waves UP. Another wave UP will be good for the Bull :) . Red lines are for SELL Signals :( .

SPX and Crude Oil going together :D .

Third wave near measured move :) . Next lower low may be a Bear Trap :eek: . But wave five can extend and may not show up at all :confused: .

SPX still follows Crude Oil :) .

Crude Oil has rebounded from 23.6% retracement :D .

If this is Wave 2). There may be support at Wave 4 of a lesser degree and measured move around SPX 878.

Thanks eustaer, I think we see something like evening star at Crude Oil's Wave 1)5.5:5v but not at Wave 1)5.5:5iii. mu. Wave five failure near $74 target. Note: Support at $64, $62, $56

Crude Oil is going DOWN after the end of wave five failure near $74. Target may be 38.2% = $61-62 :eek:

New low :eek: . There may be a measured move DOWN :confused: .

Five waves UP in Utility and Composite :) . Absent in Indu, SPX, Compq and Tran :confused: .

Welcome eustaer, Thanks a lot for your comment. You're right. I said it was just a look-alike of the Morning Star pattern, not a typical one. It's effect may last only 2-3 day as the DOWN trend preceding it. mu. Reverse Head and Shoulders target reached :cool: . Five waves UP => there...

Candle Stick Morning Doji Star pattern on 40/200 dSMA Bullish Cross :) . Bullish Morning Doji Stars are a rare reversal pattern that offers one of the strongest bullish reversal signals in the Forex Market. Morning Star formations are characterized by a continuation of a bearish trend...

Measured move reached as expected :cool: . Now what is this ? 123 versus abc :confused: .

Rebound from 40 day SMA. 11-waves UP, 7-waves DOWN. Reverse Head and Shoulders pattern :) . There may be a measured move UP :D .

A bigger reverse Head and Shoulders :D .

Rebound from Landis' 40 day SMA :D . Note reverse Head and Shoulders pattern .

May rebound from 200dSMA = 908 or 40dSMA = 904 or 23.6% retracement = 878 :confused: .