Ewj: elliott wave

[mu200411]

P&F Pattern: Double Top Breakout on 16-Jul-2009
Bullish Price Obj. 1085 .

 

[mu200411]

There may be a measured move UP to 1085 ,
after some correction of Wave 3)1.2 as a triangular or "M" pattern .

 

[Landis82]

Anyone got a good count for the Dollar Index?

It appears to be getting towards the end of completing a (C) wave. Major low in the cards coming soon?

It would catch a lot of people by surprise, and really kill off Crude Oil, the OIH, and assorted mining, energy, and commodity plays.

 

[mu200411]

"US Dollar Index Future from March 2008" looks like a five-waves UP and a three-waves DOWN, may be Wave 1) and 2).
Wave 2)c.5 might have begun with the "M" pattern confirmation and MACD crossing trigger line SELL Signals.
Not know whether a measured move DOWN or UP is in store .
The red lines are for SELL Signals.
The green line is for BUY Signal.

Note:
Wave 2)c might have ended as a double zigzag.
Beware of the bigger "M" pattern :eek: .

 

[elovemer]

?
wave 5

 

[mu200411]

$65 target reached .
What's next .

 

[Mup]

DX .....

It just niggles me that everyone is seeing the same count....

Quote from Mup
Might still get one last leg down on the DX to finish off a lesser 5th...
http://www.elitetrader.com/vb/attachment.php?s=&postid=2502593
Daily DX #F

 

[mu200411]

Nearly $2 from $65 = the second wave (Wave 3)1.1:2?)
This may be Wave 3)1.1:4 or Wave 2)c.1-.3 .
Wave 3)1.1:5 should go UP to $67 .
Wave 2)c should go DOWN to $50 :eek: .

 

[elovemer]

.... if still in third wave.... sky is limit

Quote from Mup:
DX .....
It just niggles me that everyone is seeing the same count....

 

[mu200411]

Nasdaq Composite is leading the pack .
P&F Pattern: Double Top Breakout on 16-Jul-2009
Bullish Price Obj: 2250 .