Ewj: elliott wave

[mu200411]

$USD made a false breakout and fell as expected .
The fall may be Wave 4) which can go DOWN to $78,
or Wave 3)3.3:2 which should have ended soon .
Wave 3)3 may end near 81.5 or 83.6 .

 

[elovemer]

........
" as expected " ... that's funny
the market only does what is expected right ?


5th wave complete on weekly.... when is big wave 3 coming ?

 

[mu200411]

Three White Soldiers in NASDAQ, and look-alikes in INDU, SPX and TRAN.
Have we seen the low of this year ??
Three White Soldiers against resistance trendlines and moving average. What will be the outcome ?
INDU's, SPX's and TRAN's MACDs cut trigger lines UP; a peak or a sustain rise .
So the Expected False Break is really a false break .
SPX's and NASDAQ's 10% UP in 3 days = 700% UP in a year :eek: .

 

[mu200411]

$USD's and VIX's MACDs are cutting trigger lines DOWN.
$XEU's and Crude Oil's MACDs are cutting trigger lines UP.
Gold's and Silver's RSI UP from 30%.
Gold and Silver UP near resistance.
VIX DOWN at support.
$USD, $XEU and Crude Oil in the middle.

 

[mu200411]

Rule of Alternation type II.
"Sometime the Market alternates between False Break and Bull Trap" .
Dark Cloud Covers and Shooting Stars follow Three White Soldiers ,
when indices meet with resistance trendline and moving averages.

 

[mu200411]

Stars in $USD, Crude Oild, and VIX charts,
Dark Cloud Cover and Bearish Engulfing in $XEU, Silver and Gold charts,
the may be some changes in direction .

 

[mu200411]

EUR/USD came close to 1.395. May be Wave 4).
Next may be Wave 5) from near 1.39 to 1.24 .

Quote from mu200411:09-28-11 06:14 PM

Another 5-waves appeared in EUR/USD and invaded the supposed Wave .1, so this is not Wave .4.
This may be Wave 4)a.4 and Wave 4) may go UP to 1.395. .
Or may be Wave 3)5.2 and 3)5.3-.4-.5 may go DOWN to 1.32 .
http://www.elitetrader.com/vb/attachment.php?s=&postid=3313252

 

[mu200411]

$USD met major support as MA(50) crossed MA(200) UP.
There may be a rebound to new high .
$XEU near major resistances, Jul's low and MA(50) 5 days after death cross.
There may be a drop to new low .
$VIX showed Hammer at major supports.
There may be a rebound to new high .
Gold at major resistance, AUG's low.
May fall back to $1600 or $1520 .
Silver at major resistance, June's low.
May fall back to $31 or $29 .
Crude Oil at major resistances, MA(50) and resistance trendline.
May fall back to $81 .

 

[mu200411]

AUD/USD rebounded from major support, top of Wave 1] and 2]b).
Met major resistances; 50% retracement of Wave II, top of Wave 3] and MA(50).
May fall as Wave III1]2) to .98 .
Note: Right Shoulder may be forming .

 

[Landis82]

I think that we may have gotten a Zweig Breadth Thrust Buy Signal yesterday. It was the 8th day of solid advance/decline numbers and caused a "firing" of Zweig's indicator. I believe that you have 10 days to register a signal.

I am not sure of the performance of this indicator.
Yesterday's signal barely crossed the "goal-line" if you know what I mean. Very very close.

The last time this signal was registered was March 23, 2009
Before that, early August of 1984.