Ewj: elliott wave

TRAN's Evening Star Candle Stick pattern in weekly chart give a profitable SELL Signal :cool: .
Weekly MACD's and RSI's SELL Signal are profitable too :cool: .
INDU's and TRAN's Head and Shoulders pattern Necklines are broken :eek: .
The last support before people get panic is April 2010's high :) .
Front-load weekly MA(50)s lend some support.
Running Triangular Corrections morph into Double Zigzags Correction.
Expect rebound from present support :) ,
or from Big "M" ahd sHs targets or 2nd Zigzag measured move or April 2010's highs :D .
Wave IV)C3] targets will be discuss after April 2010's highs are broken :confused: .
Quote from mu200411:07-17-11 04:42 AM

........BTW, note Evening Star look-alike in TRAN's weekly chart :eek: ,
and the series of divergences in RSI and MACD and SELL Signal in MACD :eek: .
These signals may be right one day :cool: .
http://www.elitetrader.com/vb/attachment.php?s=&postid=3239107
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Smaller Fractals do predict Larger Fractals :cool: .
A mini-crash after the Necklines are broken :cool: .
Most indices are near some sorts of supports :) .
Note fibonacci 8 DOWN days :D .
Quote from mu200411:07-16-11 01:23 AM

Indices rebound from sloping DOWN MA(50) :) .
SPX's, TRAN's and UTIL's MACD give SELL Signal :D .
Can confirmed small Head and Shoulder pattern predicts confirmation of large Head and Shoulder pattern :confused: .
Note: Equity Put/Call R20 on the low side @ 0.92 :eek: .
http://www.elitetrader.com/vb/attachment.php?s=&postid=3238317
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What about this count?
FLAT-ZZ-ZZ.jpg
 
from a bull perspective..... if the weekly low is not broken

this pullback still qualifies as a perfect abc pullback in an ongoing up trend.
 
At last Hammers everywhere :D .
Wave 4] is a Double Zigzag, with Wave 4]c) also a Double Zigzag.
Better late than never
It was a big comeback for the market, where the Dow had been down as much as 166 points earlier in the session. Investors found some solace in upbeat comments from Fed governors Donald Kohn, Vincent Reinhart and Brian Madigan, who told the Wall Street Journal that the Fed may consider another round of stimulus.

"It looks like all bets are back on that we will get some form of additional stimulus, possibility a QE3," said Peter Cardillo, chief market economy with Rockwell Global Capital.
http://money.cnn.com/2011/08/03/markets/markets_newyork/index.htm
Quote from mu200411:08-02-11 04:18 PM

........This may be a good day to hint QE3 :cool: .
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