Ewj: elliott wave

[mu200411]

This DOWN move may be Wave V]IV)C3]1)5.3 which should drop below AUG 8 low @ SPX 1101 .

 

[mu200411]

Indices DOWN as expected .
May be Wave V]IV)C3]1)5.3 which should break AUG 8 low .
The indices may bottom when Equity Put/Call R20 reaches the blue line near 1.020 .

 

[mu200411]

$USD UP as expected .
Next higher high may be a false break as Wave 3.5:5, followed by Wave 4 .
$XEU, Gold and Silver next lower lows may be false break too .
VIX small "W" may be confirmed, then the bigger "W" .
Crude Oil can drop as low as $70 .

 

[elovemer]

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[elovemer]

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after this plays out to the upside... get ready for wave 3 down

 

[mu200411]

$USD shows Hangman and RSI cuts 70% DOWN for the third time.
This may be a false break. $USD can go DOWN to MA(200) .
$XEU shows Bullish Engulfing and RSI cuts 30% UP for the third time.
MA(50) may cross MA(200) DOWN at bottom again. $XEU can go UP to MA(200) .
Crude Oil, Gold and Silver can make new lows.

 

[mu200411]

Piercings (with tails), Bullish Engulfing and Hammer in indices.
Indices may go UP one more day before going DOWN to the last low .

 

[mu200411]

EUR/USD went DOWN to 1.32 as expected .
Now is going UP as Wave 4) or 3)5.5:2 to 1.37 or 1.34 before going DOWN again .

Quote from mu200411:09-28-11 06:14 PM


Another 5-waves appeared in EUR/USD and invaded the supposed Wave .1, so this is not Wave .4.
This may be Wave 4)a.4 and Wave 4) may go UP to 1.395. .
Or may be Wave 3)5.2 and 3)5.3-.4-.5 may go DOWN to 1.32 .

 

[mu200411]

Crude Oil made a false break, the rebounded from $75 to $81.2, may be wave .4 .
Next may be Wave V]IV)Cc]5)3.5 DOWN to $71 .

 

[mu200411]

EUR/USD fall from 1.34 as expected .
May be Wave 3)5.5:3 which can go DOWN to 1.285 .