Ewj: elliott wave

[mu200411]

SPX may also be in wave four.
Wave five target may be SPX 1080, 1011.0 or 940 .

 

[mu200411]

Gold fell $200 as five waves to 50% retracement level, halfway between $1680 and $1720 target ,
then rebounded as three waves to $1820 target, to form the right shoulder .
Next may be a fall to measured move and Head and Shoulder target @ $1610 or $1530 :eek: .
This may take months same as Silver.
Chance to get to $2000 is smaller due to 5-waves DOWN 3-waves UP .

Quote from mu200411:08-25-11 12:36 PM


Gold rebounded as expected but weakly .
May be Intermediate Wave 4) of Primay Wave a] of Cycle Wave IV as happened in Silver :eek: .
Wave IVa]5) may end near measured move at $1680 or near Wave III5]5)5.4 at $1720 .
Rebound may meet resistance at $1820 and $1720.
Wave IV can go DOWN to $1050 or $1300 or $1450 .
If there are some Gold's Bulls left, there is a small chance that Gold can go UP to $2000 .

 

[mu200411]

Silver fell 10% in 3000 minutes as 5-waves from "W" pattern target to "W" pattern neckline and 38.2% retracement ,
then rebounded 5% as 3-waves.
May be Wave IVc]1) and 2).
Next should be Wave IVc]3)1 DOWN to 23.6% retracement and measured move @ $36 .

 

[mu200411]

Crude Oil didn't go DOWN as expected .
Turns out still in Wave Cc]4).
Wave V]IV)Cc]5) may begin soon and can go DOWN to measured move or 61.8% retracement of Wave V]IV)B at $61 and $64

Quote from mu200411:08-24-11 10:03 AM


Crude Oil rebounded beyond measured move.
May be still in Wave Cc]4) which should not go above $90.
Wave Cc]4) may be a triangular correction.
Minute chart is going DOWN.
May be Wave Cc]5)3)3.1:3 .

Quote from mu200411:08-18-11 11:44 PM

Crude Oil falls big too .
May be the beginning of Wave Cc]5) which can go DOWN to $65 :eek: .

 

[elovemer]

need a wave 5 to complete minor wave 1 down

then we can get a nice minor wave 2 .... to get short for the big drop

 

[mu200411]

All triangles turns into a horizontal triangle .
now showing wave v of :c, should fall soon, @ SPX 1208 .
If not, next may morph into a Bullish "W" pattern :eek: ,
target may be SPX 1280 .

 

[mu200411]

Gold begins to fall as expected .

 

[mu200411]

Crude Oil rises to form a horizontal triangle or "W" pattern,
but hesitate and forming "M" pattern.
May fall like Gold :confuse: .

 

[blnbr]

SPX daily seems to be on wave-4. If so, wave-5 may be coming in a couple of days.

 

[mu200411]

When Equit Put/Call ratio shows Higer High, but SPX shows no Lower Low, SPX rebounds.
When Equit Put/Call ratio shows no Lower Top, SPX shows Lower Low.

Insiders sold at the Top, moms and pops bought at the Top.
Moms and pops sold at the Bottom, Insiders used their cash to buy at the Bottom.
Short sellers tested the next Bottom, Insiders borrowed with 0% interest to buy at the Double Bottom.
SPX rebounded.
Short sellers covered their shorts.
Moms and pops money had no money or were locked in Gold, SPX made another Bottom.
Stocks were cheap, no one had money to buy cheap stocks.
New Bull Market begins.