Ewj: elliott wave

[mu200411]

Hammers in INDU, SPX, TRAN and UTIL and Piercing in NASDAQ are predictive .
Indices rise for five days with Three White Soldiers.
Only MA(50) and previous high are resistances.
Doji in TRAN.
Equity Put/Call R20 lower low = no buffer for a fall .

 

[mu200411]

May go UP:
$USD rebounded from wave one top and MA(200) .
VIX at previous low and MA(50) .

May go DOWN:
$XEU fell from wave one low and MA(200) .
Crude Oil fell from June's low, MA(50), resistance trendline, ascending wedge.

May go NOWHERE:
Gold rebounded after five waves DOWN.
Silver rebounded from MA(50) after five waves DOWN.

 

[mu200411]

Indices fall from MA(50) and previous tops.
Bearish Engulfing, Shooting Stars and Evening Star appear.
May continue DOWN .

 

[mu200411]

$USD goes ^ and everything else goes v :eek: .
Crude Oil breakdowns from Ending Diagonal :eek: .
Gold and Silver in DOWN trend channel :eek: .

 

[mu200411]

AUD/USD DOWN as expected .
May be going UP as Wave IIc]5)5.3:4 near 1.007,
then DOWN to 0.993 as Wave IIc]5)5.3:5 or Wave IIc]5).5 .
Wave IIc]5)5.5 may go DOWN as low as 0.963 .

 

[mu200411]

EUR/USD may be going DOWN to 1.345 as Wave 3)5.3 ,
then UP as Wave 3)5.4 to just below 1.35,
then DOWN again as Wave 3)5.5 to 1.32 .

 

[mu200411]

Candlestick Sell Signals confirmed.
Indices may be going DOWN as Wave 5) .
Note:
Equity Put/Call R20 at 0.91 near 0.89 when SPX was at July's high.

 

[mu200411]

$USD is testing the last high.
$XEU is testing the last low.
Crude Oil is going DOWN.
VIX is going UP.
Gold and Silver in DOWN trend channel.

 

[mu200411]

$USD and $XEU passed the tests .
Now in subwave three of wave five, may be going UP and DOWN to 81.5 and 130 respectively .
$USD's and $XEU's MACDs cut 70% and 30% lines again as expected .
Crude Oil fell as expected ,
and is testing the "M" neckline.
MACD cut trigger line DOWN. May fall further .
Gold and Silver broke DOWN from trend channel.
Silver's two "Big M" patterns confirmed.
Gold may test "Big M" pattern soon.
Gold and Silver may fall further .
VIX broke out of the Bullish Flag.
MACD cut trigger line UP as expected .

Quote from mu200411:09-14-11 02:57 PM

$USD's Wave 3)4 met "W" neckline support, may rebound as Wave 3)5 to 81.5.
RSI should cut 70% line DOWN 3 times before turning bearish.
$XEU's Wave 3)4 met channel resistance, may fall as Wave 3)5 to 130.
RSI should cut 70% line UP 3 times before turning bullish.
Crude Oil met 4 resistnaces, June' low, trendline, ascending wedge and MA(50), may fall again.
VIX rebounded from "W" neckline twice = fractals.
May break the bigger "W" neckline again.
MACD may break trigger line UP soon.
Gold's and Silver's MACDs and RSIs are bearish.
http://www.elitetrader.com/vb/attachment.php?s=&postid=3299575

 

[mu200411]

AUD/USD went DOWN as low as .969, very near .963 target, then rebound as Wave IIc]5)5.4.
Next may be Wave IIc]5)5.5 DOWN to .963 or 0.92 .