Ewj: elliott wave

[mu200411]

Wave 4]e)c.3 is shorter than Wave 4]e)c.1 .
Wave 4]e)c.5 should not be longer than Wave 4]e)c.3 .
A Daily Hammer or a Weekly Piercing should start from SPX 1270 or DOW 12000 .

 

[mu200411]

Gold is approaching $1666 target .
Silver may be in Wave IVb]c)5 with some resistance near $42 and $44 .
$USD may be going DOWN to $68/67 or UP to $77.5 .

 

[mu200411]

AUD/USD corrected from measured move .
May be going UP to 1.12 target soon .

 

[mu200411]

Crude Oil is going UP as Wave V]V)I5]1)1.3 to $105 ,
or DOWN as Wave IV]IV)Cc]3) to $87 .

 

[blnbr]

I think US$ will bounce back up on the debt ceiling deadline. And gold should fall at the same time. The coming Monday and Tuesday will be the days to watch.

 

[mu200411]

We've got our fifth subwave of wave c near target .
After another two subwaves , :4 and :5, of the .5th sub-subwave there may be a real rebound from near target .

 

[ammo]

http://online.wsj.com/mdc/public/page/2_3022-mfgppl-moneyflow.html ........................................................................................supports your theory

 

[mu200411]

Thanks ammo,
mu.

The end is near for Wave 4]e)c.5:4 .
Note:
Sometimes wave 5 does not show up :eek: .

 

[mu200411]

Wave 4]e)c.5:5 turns out to be a wave 5 failure :eek: .

 

[mu200411]

Dow rebounds from 12000 as expected .
Note reverse Head and Shoulder pattern.
Measured move target = 12200 .
There may be a Bullish Engulfing look-alike .

Quote from mu200411:07-30-11 05:06 PM

Wave 4]e)c.3 is shorter than Wave 4]e)c.1 .
Wave 4]e)c.5 should not be longer than Wave 4]e)c.3 .
A Daily Hammer or a Weekly Piercing should start from SPX 1270 or DOW 12000 .
http://www.elitetrader.com/vb/attachment.php?s=&postid=3252324