Ewj: elliott wave

[mu200411]

Looks like wave four .
There may be wave five UP to 1123 .
If not, may be wave c of b .
There may be wave c of two DOWN to 1103 ,
before going UP again as wave three, namely Wave 5)3.3 .

Buffet bought railway after China planned for more high speed train. Railway may replace airway.
Transport may lead Industrial .

 

[blnbr]

Got out of my short position and stay on the sideline for now:-i

 

[ed]

Mu,
Very nice work on Gold!

Here's my Christmas wish.....

Alternative count in red.

VIX Daily

 

[mu200411]

Thanks ed,
mu.

Wave 5)3.2 is going DOWN to 1086 . (not 1103)
After that there may be a rebound as Wave 5)3.3 .

 

[mu200411]

Gold target reached .
Count completed :eek: .
There may be a correction to $1040 .

 

[mu200411]

Gold$1183! Fifth subwave of fifth subwave of fifth wave .
Double measured move and round number near $1200 .
A good level to begin SHORT positions .

 

[mu200411]

The last two day rebound may be Wave 5)3.1:5 .
Wave 5)3.2 may end near 1098 .
Wave 5)3.3 may be a strong UP wave .

 

[Rosum]

Quite an amusing thread...
I am newbie too but as I was playing with Elliott Waves I came to some interesting conclusions.
I have them here: http://forex-chart-monkey.fxworldchart.com/technical-analysis/

 

[mu200411]

Can USD/JPY goes DOWN to 80 ?
_____________________________________________________________________
Posted by mu200411 on 03-18-08 03:01 PM:

Is this an Intermediate Wave 4) correction? I doubt!
URO/USE = 1.58 approaching 1.7 :eek:
USD/JPY = 96 approaching 80

 

[mu200411]

Triple M's versus Flat correction .
Wave 4)c versus Wave 5)2 .