Ewj: elliott wave
- Thread starter mu200411
- Start date
INDU's low = 12024, SPX's = 1277, NASDAQ's = 2670, UTIL's = 424 
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.Quote from mu200411:05-26-11 01:37 PM
INDU, SPX and NASDAQ show overlapping 5-waves and MA(50) break.
The moves may continue to 11800, 1280 and 2675 to get a balance look
UTIL is the last to give MACD sell signal, may go DOWN to MA(50) 420.66.
The rebound is a Bull Trap 
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Our Running Correction turns out to be a Normal Irregular Correction
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Wave V]V)I4]c)5 should end 1-2% lower, near the tripple supports; sHs target, MA(200) and V]V)I4] level which are
11550-11750 for the Dow,
1250-1260 for SPX,
2600-2630 for NASDAQ,
4900 -5000 for TRAN and
390 - 410 for UTIL .
The falls below these levels should be False Breaks .
Currently there is no BUY Signals
.
What if the Big "M" is confirmed ?
.Our Running Correction turns out to be a Normal Irregular Correction
.Wave V]V)I4]c)5 should end 1-2% lower, near the tripple supports; sHs target, MA(200) and V]V)I4] level
which are11550-11750 for the Dow,
1250-1260 for SPX,
2600-2630 for NASDAQ,
4900 -5000 for TRAN and
390 - 410 for UTIL .
The falls below these levels should be False Breaks
.Currently there is no BUY Signals
.What if the Big "M" is confirmed
?Note fractal relationship between Dow's March 2011 - June 2011 and Dow's 2000 - 2009 .
If Wave 5] appears with a new high, Elliott may be right .
Wave V]V)V5] may end in 2012 as Elliott said some 60 years ago .
If there is no new all time high from now on then Prechter is right .
Cycle Wave III of Supercycle Wave I) of Grand Supercycle Wave I] of Century Wave I} of Millennium Wave ONE of Supermillennium Wave ONE) of Subepochal Wave ONE] of Epochal Wave A} might have begun :eek: , and
we'll go all the way DOWN to DOW 1 some millenniums from now .
If after Cyclical Corrention from 2012 - 2015 there is a new high, this may be Cycle Wave V]V)III .
.If Wave 5] appears with a new high, Elliott may be right
.Wave V]V)V5] may end in 2012 as Elliott said some 60 years ago
.If there is no new all time high from now on then Prechter is right
.Cycle Wave III of Supercycle Wave I) of Grand Supercycle Wave I] of Century Wave I} of Millennium Wave ONE of Supermillennium Wave ONE) of Subepochal Wave ONE] of Epochal Wave A} might have begun :eek: , and
we'll go all the way DOWN to DOW 1 some millenniums from now
.If after Cyclical Corrention from 2012 - 2015 there is a new high, this may be Cycle Wave V]V)III
.Commodities DOWN moves are long overdue ,
this is the usual process of distribution .
If Zigzag Wave b had ended Gold's target would be $1460.
If Irregular Wave b had ended Silver's target would be $28.
If Triangular Wave b had ended Crude Oil's target would be $87.5.
If Double Zigzag Wave b had ended US Dollar Index's target would be 77.
Gold MACD SELL Signal given.
Silver MACD SELL Signal and $USD MACD BUY Signal soon.
Crude Oil triangular breakout and MACD SELL Signal soon.
,this is the usual process of distribution
.If Zigzag Wave b had ended Gold's target would be $1460.
If Irregular Wave b had ended Silver's target would be $28.
If Triangular Wave b had ended Crude Oil's target would be $87.5.
If Double Zigzag Wave b had ended US Dollar Index's target would be 77.
Gold MACD SELL Signal given.
Silver MACD SELL Signal and $USD MACD BUY Signal soon.
Crude Oil triangular breakout and MACD SELL Signal soon.
If no one would like to risk 20% UP move for 1% DOWN move, there may be a "Morning Star" Candlestick pattern today .
"May 2011 - June 2011" correction tooks more time than "March 2010 - April 2010" so it is qualify for Primary 4] status.
Wave V]V)I5] may go UP to 1.618 Wave V]V)I3] near SPX 1580 .
."May 2011 - June 2011" correction tooks more time than "March 2010 - April 2010" so it is qualify for Primary 4] status.
Wave V]V)I5] may go UP to 1.618 Wave V]V)I3] near SPX 1580
.After Dow's 1000 point, SPX's 100 point and NASDAQ's 250 point fall in 6 weeks, there come
Morning Star look-alikes in most indices ,
from just above MA(200),
then what ?
A 20% UP move ?
Note:
RSIs rebound from just above 30%, pre-emptive BUY Signals.
MACDs will show BUY Signals in a few days.
Morning Star look-alikes in most indices
,from just above MA(200),
then what
?A 20% UP move
?Note:
RSIs rebound from just above 30%, pre-emptive BUY Signals.
MACDs will show BUY Signals in a few days.