Ewj: elliott wave

[mu200411]

So the Global markets went DOWN together .
The question is "Is this 'a-b-c' or '1-2-3'?" .
If this is 'a-b-c'
INDU should rebound from 11950.
TRAN should rebound from 4800 or 5000 (for triangular correction).
SPX should rebound from 1280.
NASDAQ should rebound from 2650.

Quote from mu200411:02-23-11 10:26 PM


End of Wave subwave 5 of subwave 5 of wave 5 .
Looks like Global markets are going DOWN together .

 

[mu200411]

If that is '1-2-3' the indices may rebound from
Wave four INDU 10900,TRAN 4750,SPX 1180,NASDAQ 2450, or
the measured move INDU 10500,TRAN 4250,SPX 1100,NASDAQ 2300 :eek: .

 

[mu200411]

World Stock Markets going DOWN together as expected.
Pre-Market Trading falls below 'a-b-c' levels.
The Markets may rebound from Wave four or the measured move.

Pre-Market Trading: Stock Futures
Data as of 6:39am ET
S&P -36.20 / -2.81% Level 1,254.30
Fair Value 1,291.34 Difference -37.04
Nasdaq -63.50 / -2.77% Level 2,226.00
Fair Value 2,289.54 Difference -63.54
Dow -263.00 / -2.21% Level 11,663.00

Quote from mu200411:03-11-11 09:31 AM


If that is '1-2-3' the indices may rebound from
Wave four INDU 10900,TRAN 4750,SPX 1180,NASDAQ 2450, or
the measured move INDU 10500,TRAN 4250,SPX 1100,NASDAQ 2300 :eek: .

 

[blnbr]

Japanese stock market crashed, Wall street follows :eek:

 

[mu200411]

The corrections in Crude Oil, Gold, SPX, EUR and AUD look impulsive.
Crude Oil may be heading DOWN to $60.
Gold after making a false break may be going DOWN to $1158.

 

[elovemer]

a possible bullish count

 

[mu200411]

World Stock Markets fall together as expected.
Prolong correction may be a '1-2-3-4-5' or 'a' and now at support level.
Note many "M" patterns.
There may be a rebound here as 'b' before a 'c' which will complete the "M" patterns.

 

[mu200411]

The corrections are equal to Wave 3]1)2 .
Wave 3]2) should be bigger than 3]1)2, so there may be some more DOWN move after this rebound :eek: .
If not the new high that follows may be Wave 3]5) .

Quote from mu200411:03-11-11 09:31 AM


If that is '1-2-3' the indices may rebound from
Wave four INDU 10900,TRAN 4750,SPX 1180,NASDAQ 2450, or
the measured move INDU 10500,TRAN 4250,SPX 1100,NASDAQ 2300 :eek: .

 

[mu200411]

We may be in Wave 3]2)a.4 or Wave 3]4)c .
Wave 3]2)a.4 should not invade Wave 3]2)a.1 territory before a new low occurs.
A new high before a new low should be Wave 3]5) .
No BUY signal in MACD and RSI .

 

[blnbr]

Quote from mu200411:

We may be in Wave 3]2)a.4 or Wave 3]4)c .
Wave 3]2)a.4 should not invade Wave 3]2)a.1 territory before a new low occurs.
A new high before a new low should be Wave 3]5) .
No BUY signal in MACD and RSI .

I also suspect we are at wave-4 and wave-5 may follow in the near term. Let's see how it goes.