Ewj: elliott wave

SPX:
5 waves DOWN, 3 waves UP.
May be Wave V]IV)C3]3)1 and 2.
Wave V]IV)C3]3)2.c:5 may end at
50% retracement = 1165, or
measured move = 1172, or
61.8% retracement = 1177 :confused: .
 

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Crude Oil rebounded beyond measured move.
May be still in Wave Cc]4) which should not go above $90.
Wave Cc]4) may be a triangular correction.
Minute chart is going DOWN.
May be Wave Cc]5)3)3.1:3 :confused: .
 

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Silver began to fall from "W" pattern target :cool: .
May go DOWN to $26 :eek: .
Quote from mu200411:08-20-11 03:10 PM


Silver count is best fit by an irregular correction UPWARDS :) .
61.8% retracement = $43.2.
Measured move = $43.6 and $46.
"W" pattern target = $44.
Silver UP move may end arround these number :D .
More...
 

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Gold rebounded as expected but weakly :cool: .
May be Intermediate Wave 4) of Primay Wave a] of Cycle Wave IV as happened in Silver :eek: .
Wave IVa]5) may end near measured move at $1680 or near Wave III5]5)5.4 at $1720 :confused: .
Rebound may meet resistance at $1820 and $1720.
Wave IV can go DOWN to $1050 or $1300 or $1450 :) .
If there are some Gold's Bulls left, there is a small chance that Gold can go UP to $2000 :D .
 

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Triangles everywhere :confused: .
"Triangles, by far, most commonly occur as fourth waves. One can sometimes see a triangle as the Wave B of a three-wave correction. Triangles are very tricky and confusing. One must study the pattern very carefully prior to taking action. Prices tend to shoot out of the triangle formation in a swift thrust.
When triangles occur in the fourth wave, the market thrusts out of the triangle in the same direction as Wave 3. When triangles occur in Wave Bs, the market thrusts out of the triangle in the same direction as the Wave A."
http://www.tradersedgeindia.com/elliott_wave_theory.htm
 

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