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Crude Oil & SPX triple tops :) .

Crude Oil and SPX

Return of the "M" pattern :eek: .

Ed, ed's Inverse Correlation between SPX and VIX. Five waves UP and three waves DOWN in VIX, next may be another five waves UP :) . Five waves DOWN and double-three waves UP in SPX, next may be another five waves DOWN and a measured move :D . Agree with ed's "I don't think we'll see the...

Failed reverse Head and Shoulders pattern :( . "M&m" pattern in SPX chart instead :confused: .

Reverse Head and Shoulders pattern in SPX chart :eek: . 910 again :confused: .

"M" pattern in Crude Oil chart :eek: .

Fifth wave at measured move around 896 - 898 :D .

Near measured move UP :) . Next may be measured move DOWN :D .

"Five waves DOWN" looks impulsive :eek: . 1.Wave 4)c might have ended on Thursday :D . 2.Wave 4)c may end at top of Wave 1) =875 :) . 3.Wave 4)c may end at measured move = 850 :( . 4.Wave 4)c may end at the end of big "M" pattern = 836 :mad: . I am :confused: .

Futures are UP :) , but INDU, TRAN, UTIL, SPX, NASDAQ are waiting for SELL Signals :confused: . DJ Comp got one :D .

Crude Oil Chart

Yes ed, There may be a mesured move UP :) , as Landis' five waves UP indicated followed by a measured move DOWN :D . But I'm afraid the next Big "M" confirmation may be a Bear Trap :eek: .

Three more SELL Signals triggered :) . Symbol Last Change % Change High Low Volume Time DJIA 8,311.09 -110.95 -1.32 8,416.15 8,287.91 63,860,805 10:11 AM NASDAQ 1,710.92 -16.92 -0.98 1,719.58 1,704.84 394,786,492 10:11 AM...

There are a lot of SELL Siganls :) . 1. MACD cut ma DOWN. 2. RSI above 70 then below 70. 3. Fail to break 930 top. 4. Falling Star Candle Stick. Many move SELL Signals to come :D . 5. 15SMA at Wednesday's low. 6. 20SMA at 890. 7. Supporting trendline at 890. 8. "M" pattern neckline at...

So it is a 3)5.1-.2-.3-.4-.5 of may be a 3)5 failure :cool: , followed by 5-3-5 which may be a 1-2-3 DOWN, or just wave .2 of Wave 3)5 :confused: , which will be followed by .3-.4-.5 to 970. Note: BUY Signal above 909 SELL Signal below 890.

Five waves DOWN. Looks impulsive :eek: . Wave five failure :confused: ?

So there is wave five :) but this may be a wave five failure :( . Or it may be wave .1-.2-:1-:2 and we are in Wave 3)5.3:2 :D . This should send SPX to above 930 to as high as 1000 :eek: . So don't fade this new high :confused: .

SPX and Crude Oil parallel movement again :) .

a-b-c versus 1-2-3 :confused: .