Ewj: elliott wave
- Thread starter mu200411
- Start date
Time to check the charts . . . feels like a 2002 replay where we had the reflation rally driven by liquidity from Oct. 2002 - December 2002.
When corporate bonds came back, the equity market figured that it had gotten ahead of itself and pulled back.
Not surprising that we are seeing the commodity names get hammered here for the past 6-7 days given the gains that they have had!
That having been said, the "FXE" is still trading above it's 40 day MA coming thru around 137.75
When corporate bonds came back, the equity market figured that it had gotten ahead of itself and pulled back.
Not surprising that we are seeing the commodity names get hammered here for the past 6-7 days given the gains that they have had!
That having been said, the "FXE" is still trading above it's 40 day MA coming thru around 137.75
mu200411,
we were speaking candlestickes the other day. it looks as though we may actually have an Evening Star afterall on the S&P as of today, which is a Bearish reversal pattern.
not only is it picture perfect but meets the qualified definition based on trend, gap up/down, etc. regarded as high reliability on many sites.
-e
a quick link, but the other definition i gave on the previous thread was has a better write-up.
http://www.candlesticker.com/Cs72.asp
we were speaking candlestickes the other day. it looks as though we may actually have an Evening Star afterall on the S&P as of today, which is a Bearish reversal pattern.
not only is it picture perfect but meets the qualified definition based on trend, gap up/down, etc. regarded as high reliability on many sites.
-e
a quick link, but the other definition i gave on the previous thread was has a better write-up.
http://www.candlesticker.com/Cs72.asp
Thanks eustaer,
I think we see something like evening star at Crude Oil's Wave 1)5.5:5v but not at Wave 1)5.5:5iii.
mu.
Wave five failure near $74 target.
Note: Support at $64, $62, $56
I think we see something like evening star at Crude Oil's Wave 1)5.5:5v but not at Wave 1)5.5:5iii.
mu.
Wave five failure near $74 target.
Note: Support at $64, $62, $56
Quote from mu200411:06-12-09 11:16 PM
Next new high may be the last fifth wave.
Target $74-75.
http://www.elitetrader.com/vb/attachment.php?s=&postid=2464138
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