Ewj: elliott wave

The Brent's upward breakout may be a false break :eek: .
Gold and Crude Oil make lower lows.
Note: Head and Shoulder pattern in Gold and Big "M" in Crude Oil Charts.
Mr.Market likes to fool people around :mad: .
 

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USD continues UPWARD movement :) .
Commodities may continue DOWNWARD movement to targets in the quote :D .
Money shifts from commodities and treasury into equities :confused: .
Note: Bigger Head and Shoulders pattern in Gold and Silver.
Bigger "Big M" in Crude Oil and Brent.

Quote from mu200411:06-24-11 04:49 PM

Bearish patterns in commodity charts :eek: .
Lower low in Crude Oil, target $87.50.
Pennat and MACD SELL Signal in Silver, target $31.29 or $27 if breakout.
Multiple Big "M" patterns, Trendline break, MACD SELL Signal, target $1460 and $1400.
http://www.elitetrader.com/vb/attachment.php?s=&postid=3218949
More...
 

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Wave V]V)I5] Market Top targets in February 2012 :cool:
20110701 INDU SPX COMPQ TRAN UTIL
V]V)I2] 9614.32 1010.91 2061.14 3872.64 346.95 346.95
V]V)I3] 12391.29 1344.07 2840.51 5306.65 441.86 422.43
V]V)I4] 11862.53 1258.07 2599.86 5043.21 419.69 419.69
V]V)I5] 14639.5 1591.23 3379.23 6477.22 514.6 495.17
Wave V]V)I3] < V]V)I1] so Wave V]V)I5 not > V]V)I3] :) .
TRAN may be the first to break May 2's high :) .
TRAN's Weekly MACD may give BUY Signal in a few weeks :D .
 

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