Ewj: elliott wave

[mu200411]

US Dollar Index moving towards 77 .

 

[mu200411]

Oops!
Crude Oil drops $1 per hour to $94 :eek: .

 

[mu200411]

MACD's BUY&SELL Signal is 50% right :eek: .
Crude Oil DOWN & US Dollar Index UP as expected , but
Gold & Silver still defy gravity .

Quote from mu200411:06-15-11 01:47 PM

MACD SELL Signals in Gold, Silver and Crude Oil.
MACD BUY Signal in US Dollar index.
Will these Signals turn into false signals .

Quote from mu200411:06-11-11 03:53 PM

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.

 

[mu200411]

The "Morning Stars' pre-emptive BUY Signals" turns out to be another BULL Trap .
Note: There are no MACD BUY Signals.
This may be Wave V]V)I4]c)4.c .
There may one or two more BULL Traps to go before all indices reach their supports @ MA(200), March 14's low, sHs-equal-arms, etc. :eek: .

Quote from mu200411:06-11-11 02:24 PM

The rebound is a Bull Trap .
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 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 ?

 

[mu200411]

One measured move UP will send US Dollar Index to 77 .

 

[mu200411]

Dow's chart shows interesting Fibonacci relationships .
Wave 4]b) = 1.618*Wave 4]a), Wave 4]c) so far = 1.236*Wave 4]a) .
Wave 4]b)a = Wave 4]b)c = Wave 4]a), Wave 4]b)b = .382*Wave 4]a) .
Wave 4]c)1 = Wave 4]c)3 = .618*Wave 4]a) .
Wave 4]c)4 or Wave 4]c)5 so far = .382*Wave 4]a) .
Mr. Market specializes in making people part with their money.
After choppy Wave 4]c)1 Mr. Market makes Wave 4]c)4 or Wave 4]c)5 an Expanding Triangle where
BULLs and BEARs lose money alternatively :eek: .
If there is one more Wave 4]c)5, this should be smaller than or equal to Wave 4]c)3 which may bring Wave 4]c) to Wave 4]a) low or 11550 .
Break below this may be a false break .
If Wave 4]c)5 had endded, Dow may be going to above Wave 4]b) high .

 

[mu200411]

INDU's and TRAN's charts showed Running Correction, with RSI BUY Signals.
MACD may show BUY Signal in a few days .
The problem is sometimes MACD's BUY Signal coincides with rebound top .
SPX's chart showed Flat Correction. SPX rebounded from MA(200) at 1256 inside the target range of 1250-1260 .
NASDAQ, DOWN to 2599.86, broke below MA(200) and March 16's low support, and target range 2603.50-2630 .
Now we have to consider the "Big M" pattern :eek: .
This may be a Flase Break .

 

[mu200411]

Crude Oil Wave Ca]3 breakout of Triangular Wave Ca]2 as impulsive 5-waves to as low as $91.84 .
The Saudis may have their way with $70-$80 Crude Oil :eek: .

 

[mu200411]

One more measured move UP to $77 would be perfect for US Dollar Index .
The problem is "Nothing is Perfect" .

 

[mu200411]

INDU's, SPX's and TRAN's MACDs show BUY Signal on schedule .
All indices have reach some resistances ,
There may be a pull back after four days rise as happened after Wave V]V)I4]b)2 .
This may be Wave V]V)I5]1)1.2 with no lower low or
Wave V]V)I4]c)5 with a lower low :eek: .