Ewj: elliott wave
- Thread starter mu200411
- Start date
Most Head and Shoulders patterns reach targets 
.
We may be in Wave V]IV)C3] now
,
which could fall 50-60% :eek: ,
into 2012 the year Elliott predicted a Grand Supercycle Correction ,
which may be re-label as Wave IV]C)III.
Note: Wave 4] should not invade Wave 1]'s territory.
If this is not Wave 4] of new UP wave,
then it is Wave 3] or Wave III DOWN of previous DOWN wave.
Note2: Note "Ww" pattern in VIX,
if the small "W" confirmed VIX can go UP to May 2010's high,
if the bigger "W" confirmed VIX can go UP to Oct 2009's high.
.We may be in Wave V]IV)C3] now
,which could fall 50-60% :eek: ,
into 2012 the year Elliott predicted a Grand Supercycle Correction ,
which may be re-label as Wave IV]C)III.
Note: Wave 4] should not invade Wave 1]'s territory.
If this is not Wave 4] of new UP wave,
then it is Wave 3] or Wave III DOWN of previous DOWN wave.
Note2: Note "Ww" pattern in VIX,
if the small "W" confirmed VIX can go UP to May 2010's high,
if the bigger "W" confirmed VIX can go UP to Oct 2009's high.
Quote from mu200411:08-03-11 07:11 PM
TRAN's Evening Star Candle Stick pattern in weekly chart give a profitable SELL Signal
Weekly MACD's and RSI's SELL Signal are profitable too
INDU's and TRAN's Head and Shoulders pattern Necklines are broken :eek: .
The last support before people get panic is April 2010's high.
Front-load weekly MA(50)s lend some support.
Running Triangular Corrections morph into Double Zigzags Correction.
Expect rebound from present support
or from Big "M" ahd sHs targets or 2nd Zigzag measured move or April 2010's highs.
Wave IV)C3] targets will be discuss after April 2010's highs are broken
http://www.elitetrader.com/vb/attachment.php?s=&postid=3256443
After Gold reaches $1666-$1700 target range,
Gold chart shows Evening Star Candle Stick pattern look-alike,
RSI is going to cut 70% line DOWN.
Silver tanks from $42,
Silver chart shows Bearish Engulfing,
RSI shows SELL Signals and divergences,
MACD shows second SELL Signal.
Crude Oil falls to new low,
confirms MACD SELL Signal.
US Dollar Index cut MA(50) UP,
PPO BUY Signal.
Gold chart shows Evening Star Candle Stick pattern look-alike,
RSI is going to cut 70% line DOWN.
Silver tanks from $42,
Silver chart shows Bearish Engulfing,
RSI shows SELL Signals and divergences,
MACD shows second SELL Signal.
Crude Oil falls to new low,
confirms MACD SELL Signal.
US Dollar Index cut MA(50) UP,
PPO BUY Signal.
Gold still defies gravity because second target $1700 was not reached.
RSI may cut 70% line DOWN some day.
Silver's RSI and MACD show multiple SELL Signals.
Long Leg Star Candlestick, price may go sideway .
Crude Oil Wave IV)Cc]3) is longer than 1) and might have ended.
Wave V]IV)Cc]4) may go sideway around $85+-$4 for about one month equal to time used by Wave V]IV)Cb] and V]IV)Cc]2).
US Dollar index's PPO BUY Signal, may go UP to MA(200) @ 76.5.
RSI may cut 70% line DOWN some day.
Silver's RSI and MACD show multiple SELL Signals.
Long Leg Star Candlestick, price may go sideway
.Crude Oil Wave IV)Cc]3) is longer than 1) and might have ended.
Wave V]IV)Cc]4) may go sideway around $85+-$4 for about one month equal to time used by Wave V]IV)Cb] and V]IV)Cc]2).
US Dollar index's PPO BUY Signal, may go UP to MA(200) @ 76.5.
Dow 1300 points and SPX 180 point drops in 11 days should be the beginning of Wave V]IV)C3] the strongest wave in C .
Friday's Long Leg Doji in multiple indicies may be signs of "a great amount of indecision in the market. Long-legged doji indicate that prices traded well above and below the session's opening level, but closed virtually even with the open. After a whole lot of yelling and screaming, the end result showed little change from the initial open"
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:introduction_to_candlesticks
Wave V]V)I5] might have ended as a wave five failure,
and Wave V]V)II have just ended.
Next may be Wave V]V)III albeit world financial condition .
Friday's Long Leg Doji in multiple indicies may be signs of "a great amount of indecision in the market. Long-legged doji indicate that prices traded well above and below the session's opening level, but closed virtually even with the open. After a whole lot of yelling and screaming, the end result showed little change from the initial open"
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:introduction_to_candlesticks
Wave V]V)I5] might have ended as a wave five failure,
and Wave V]V)II have just ended.
Next may be Wave V]V)III albeit world financial condition
.