Ewj: elliott wave

[mu200411]

Big "M" pattern versus reverse Head and Shoulders pattern :eek: .
A measured move DOWN versus a measured move UP .

 

[mu200411]

Beware of the "M" pattern in Crude Oil Chart .

 

[mu200411]

Crude Oil DOWN move looks impulsive :eek: .
A lot of room to go DOWN.

 

[elovemer]

...couple of purple lines....

.... on the daily....

 

[Landis82]

Quote from mu200411:

Beware of the "M" pattern in Crude Oil Chart .

Just an FYI . . .

Those prints and large volume during the electronic session the other night around $73 ( before the market reversed during the day session, closing lower ) were unauthorized trades, and are being investigated by the CFTC.

 

[blnbr]

SPX broke the intraday support, looks pretty weak to me. Let's see if the weekly chart will break the sideway range in the near future.

 

[Illum]

Weird post. Sorry can't help it, I'm weird. Just noting general problems arising again. Plane crashes, computers crashing, airport, cell phones. Still concerned about broader implications of wave theory on society.

 

[elovemer]

A B C ?

 

[mu200411]

Our Crude Oil's Big "M" pattern was confirmed .
End of the pattern may be $4 - $7 below the neckline at $66.2 .
The last wave is 2)c.3:5iii. Next may be iv to $66, :3v to $64,
:4 to $67 then 2)5.5 to $62.5 - $59 :eek: .

 

[mu200411]

Everybody is looking at DOW's and SPX's Head and Shoulders patterns.
This pattern may end at Wave 1)4 or 1)1 (878 or 865) which will make the last SELL Signal a Bear Trap .
RSI needs to go DOWN below 30 and makes a divergence before SPX resumes UP trend.
MACD is running away from the trigger line, mid-term investors may wait for the MACD cross UP before entry.