Ewj: elliott wave

[mu200411]

Five waves UP .
Wait for a measured move UP .

 

[mu200411]

There are many measured moves to fulfil .
Same intermdiate term target, 10317, 1150, 1714

Quote from mu200411:05-30-09 12:13 PM


Two + one? Triangle break-outs .
Four "W" pattern confirmations .
Same target 10317, 1150, 1714

May 29, 2009
INDU SPX NASDAQ
Ivc] 6516.8599 666.79 1265.62
1) 8587.5498 930.17 1773.13
2) 8246.5801 887.6 1714.48
3) 10317.27 1150.98 2221.99

 

[mu200411]

Crude Oil may be in Wave 1)5.5:5iii .
Wave 1)5.5:5v may end near $72 .

 

[mu200411]

The Market chose the small measured move, that ended Wave 3)1.3:3i-ii.
Next may be a big measured move as Wave iii .

 

[mu200411]

May be reverse Head and Shoulders .
Wait for confirmation as a Buy Signal .

 

[Landis82]

S&P slowly sinking due to the results of the Treasury Auction of 10-year notes at 3.99% that came out at 1PM EST - - - with a long "tail". Not good.

Beige Book due out later.

 

[mu200411]

:eek: It's a Bull Trap .

 

[mu200411]

The DOWN move looks impulsive :eek: .
Is this ed's final ED ?
Wave 4)c count may be correct .
The only hope for the Bulls is large Wave 1)1.2 .

 

[Landis82]

OIH continues to hang in there, hovering around Mup's 110 target.

 

[elovemer]

....i completely missed this .... on rth

.... but monday close.... up to wednesday AH high......

.... was bear W on YM ... but not on ES