Ewj: elliott wave

The Market is on its way. There may be up and down moves, but by the end of next week the Market might have done another measured move up.
Strategy:
Sell when the red trendline is broken. Buy back near wave :iv or wave i. when the parallel down trendline is crossed up.
Quote from mu200411:05-02-08 09:11 AM
There are clear signs that the market is poised for a big jump in the coming weeks.
 

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The target failed. The Market paid more attention for another measured move cited in the previous reply.
Status:
ST long position closed when there was a lower low just after the post and re-opened at the
"05-03-08 01:18 AM Fifth wave at support level and a higher high. Should buy here. :) "
as said. The .á:v gave no time to cut loss. Now hold long positions.
Strategy:
Sell when the red supporting parallel trendline is broken.
Otherwise hold to measured move target.
Quote from mu200411:05-02-08 10:00 PM

There may be some pause at +150, +20, +60 today. (+60 measured move may be difficult to happen)
 
GLD is an interesting Chart...

Its coming upto a larger degree Alt at $83.10 with a 38.2%.

So its a key MOB point.

If it can hold its Alt into 38.2% it means a wave (4) so we can expect a new high... If carn't then 79.15 is the next TA point on the lesser MM...

See what you think on the weekly :)
 

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