A measured move UP may sent Brent to $117 and Crude Oil to $97 .
Quote from mu200411:06-29-11 07:13 PM
All are UP .
Brent followed EUR/USD closely, may go UP to $111.5, fall back to $108 then UP again to $117 .
Crude Oil after bizarre wave 1 show two 5-waves, may go UP to $94.1, fall back to $92.6 then UP again to $97 .
Commodities met some resistance on the way to measured move target .
The UP moves may continue to the mms targets or .618*mms or .382*mms targets .
EUR/USD made higher high as expected .
USD/EUR made lower low.
Note the "Big M" and "W" patterns .
If the Indices cross the Blue Lines UP, they are not Wave 4s .
If the Indices cross the Red Lines DOWN, they are not Wave 3s .
This matter should be resolved today .
Only Silver reached measured move .
Other Indices could make only to .382*mm or .5*mm :eek: .
This can be wave :1 .
We should watch carefully if the current correction turn impulsive .
If commodities cannot make higher high during "window dressing" Wave V]IV)Ca]4)c may have ended ,
and we are going DOWN another measured move as Wave V]IV)Ca]5) :eek: .
Note: "EUR/USD measured move" looks like a zigzag, next move may be DOWN .
Gold and Silver rebounds :eek: .
EUR/USD and Brent higher highs .
Crude Oil higher high soon .
Wave V]V)I5]1)1.3 wins .
We are going to New All Time High in 2012 at the end of Wave V]V)I5]5) .
It looks as though INDU's & TRAN's Running Correction, SPX's Flat Correction and NASDAQ's Irregular Correction Wave V]V)I4] finally might have ended .
We are going to New All Time High in 2012 at the end of Wave V]V)I5] .
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