Ewj: elliott wave

[mu200411]

Gold and Silver DOWN for the third days .
May go UP or DOWN another 2 or 5 days .
Crude Oil cannot stay above $100.
US Dollar Index breaks MA(50) and trendline DOWN, MACD shows SELL Signal, may drop to new low :eek: ,
then Crude Oil could go UP to $104 :eek: .

 

[mu200411]

INDU's and SPX's lower targets are surpassed ,
and the counts are not quite completed .
The indices should go UP to the upper targets @ 13180 and 1390 .

 

[mu200411]

AUD/USD correction was completed as expected .
Wave 3]5)1.1 was followed by Wave 3]5)1.2-3]5)1.3:1-:2-:3 .
There should be Wave 3]5)1.3:4-:5-3]5)1.5 which may end near 1.12 .

Quote from mu200411:06-29-11 08:59 PM

On a closer look AUD/USD correction might have been completed :eek: .
If we count Wave 3]4)b.2 as an irregular correction, Wave .1 < .3 < .5 which is OK.
Wave 3]4) = 50% Wave 3]3) .
Wave 3]4)c = 61.8% Wave 3]4)a .
Wave 3]5)1.1 should end here at the resistance trendline and MA(50).
After Wave 3]5)1.2 the trendline and MA(50) breakout would confirm Wave 3]5)1.3 and AUD/USD should go UP to new high .
http://www.elitetrader.com/vb/attachment.php?s=&postid=3222697

 

[dmh724]

Corrective wave on the indices?

Are your targets still 13180 and 1390?

 

[mu200411]

When the count does not go in line with the Market, we must re-count .
If Wave 5]1)1.5 is a wave five failure ,
Wave 5]1)1 might have ended :eek: .
Wave 5]1)2 can go DOWN to end of Wave 5]1)1.4 @ 12296 and 1296.
To go to 13180 and 1390 targets the wave that just end should be Wave 5]1)1.5:1 and Wave 5]1)1.5:3 should extend .

Quote from mu200411:07-23-11 10:25 PM


INDU's and SPX's lower targets are surpassed ,
and the counts are not quite completed .
The indices should go UP to the upper targets @ 13180 and 1390 .
http://www.elitetrader.com/vb/attachment.php?s=&postid=3245061

Quote from mu200411:07-21-11 08:31 PM


INDU 5-waves UP, 3-waves DOWN first of which invaded .
There should be one more 5-waves UP to 12650 or 13180 .
http://www.elitetrader.com/vb/attachment.php?s=&postid=3242894

 

[mu200411]

Gold, Silver, Crude Oil, Brent, EUR/USD, USD/EUR change direction :eek: .
There must be an interesting development .

 

[mu200411]

Evening Star Candle Stick pattern was not followed through .
Head and Shoulder pattern may be aborted too .
We may be in Wave 2) of Wave 5] which is almost completed .

 

[mu200411]

INDU's Flat Correction near MA(50) .
SPX's and NASDAQ's Irregular Corrections Type II near MA(50)s .
TRAN's Zigzag Correction near MA(200) .
If the counts are correct, next Candle Stick in charts of
VIX should show a Dark Cloud Cover,
http://www.investopedia.com/terms/d/darkcloud.asp
TRAN should show a Piercing,
http://web.streetauthority.com/terms/p/piercingcandle.asp
INDU, SPX and NASDAQ should show Harami patterns .
http://www.stock-charts-made-easy.com/harami-candlestick.html
If not, the counts are voided .

 

[mu200411]

We have been looking in vain for Wave 5 during the last three intermediate waves ,
because wave five is treacherous, sometimes it extends, sometimes it fails, sometimes it doesn't show up at all :eek: .
As it turns out, the last five intermediate waves are 3s.
We may be in Wave 4]e)c which may end at measured move (mm) or fibonacci*mm or MA(200).
Wave 5] may go to new High as a thrust equal to Wave 4]b) ,
unless the neckline of Head and Shoulder patterns are broken .
Note:
Yesterday morning's Piercing attempt failed .
Today there may be Morning Star look-alike attempt .
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:candlestick_bullish_

 

[mu200411]

Yesterday's Hammer attempt failed .
Our Running Triangle may turn out to be a Running Ending Diagonal .
Wave IV]c)IIC]5)5 might have ended and we are now in Wave IV]C)III :eek: .
Mr.Market would like to wait on the Neckline Cliff for Mr.Hill to decide whether to jump or not .