Ewj: elliott wave

[mu200411]

Now we've got the reasons to be panic :eek: .
US Sues 17 Major Banks Over Risky Mortgages
http://www.cnbc.com/id/44377694
Economy Gains No Jobs in August, Rate Holds at 9.1%
http://www.cnbc.com/id/44370439
INDU, SPX and NASDAQ fall from measured move.
RSIs cut 50% line DOWN.
MACD histograms turn DOWN.
VIX rebounds from measured move and "W" neckline.
Shooting Stars and Evening Stars look-alikes in INDU, SPX, TRAN, NASDAQ.
Ascending Wedge in UTIL.

 

[mu200411]

$USD breakout of triangle. MACD cuts trigger line UP.
May be going UP to MA(200) at 76.31.
$XEU breakdown, MACD cuts trigger line DOWN.
May be going DOWN to 136.
Gold and Silver UP, MACDs cut trigger line UP.
May be going to $2000 and $46.
Crude Oil falls from end of Wave 1), RSI cuts 50% line DOWN.
May be going DOWN as Wave 5) to $64.
Equity Put/Call R20 may be making a lower low.

 

[mu200411]

Crude Oil's Wave Cc]5)1.5:3iii.i-.ii .
May be going DOWN as Wave Cc]5)1.5:3iii.iii .
Note: "W" patterns.

 

[mu200411]

'W" pattern failed.
This should be Wave Cc]5)1.5:3iii.iii .

 

[mu200411]

Crude Oil fractals.
There is wave .5.
So there should be wave v.

 

[mu200411]

Wave :3v might have ended.
After Wave :4 may be Wave .5:5.

 

[mu200411]

Now may be Wave 5)1.5:5i or v just beyond measured move.
After Wave 5)1.5:5v there may be a rebound as Wave 5)2 UP to $84.6 .

 

[mu200411]

This may be Wave 5)2 going UP to $84.6 .
Next may be Wave 5)3 about $7 drop to $77.7 .

 

[mu200411]

Wave 5)1.5:4ã or Wave 5)2.c at measured move .
Wave 5)1.5:5 can go DOWN to $77.7,
Wave 5)2.c can go UP to $87 .

 

[mu200411]

Crude is forming Head and Shoulders pattern.
Right Shoulder's target $87.
Right Arm's targets $80 or $79.