Ewj: elliott wave

[mu200411]

$USD, $XEU, Gold, Silver and Crude Oil wave-fours broke blue support and resistances.
May go DOWN and UP to red support and resistances.

 

[mu200411]

This time wave five is short.
Wave 3]2) may be a Double Zigzag.
INDU SPX NASDAQ TRAN UTIL targets.
12800 1313 2760 5300 472

 

[mu200411]

UTIL Double Zigzag UP as Wave 3]2)c as expected, MACD BUY Signal.
INDU, SPX, NASDAQ and TRAN may follow UP soon.

 

[mu200411]

$USD rebounded from red support,
Gold and Silver fell from red resistance,
Wave 3) trends may continue.
Crude Oil UP approaching red resistance, may be in Wave 2 counter trend.

 

[mu200411]

EUR/USD short wave five may be, in fact, Wave :4â.
The rebound to 1.320 may be Wave 3)3.5:4ã.
The fall from 1.3120 may be Wave 3)3.5:5iii.
Wave 3)3.5:5v may end near 1.270.

 

[mu200411]

AUD/USD short wave five may be a wave five failure.
The rebound to 1.022 may be Wave III2]c)2.
Next may be Wave III2]c)3 to 0.973.

 

[blnbr]

The market breadth is strong. New 52-week Highs Vs New 52-week Lows: 153 Vs 14 this afternoon.

Stocks seem to be looking up instead of looking down.

 

[mu200411]

Dow Theory BUY Signal.
MACD BUY Signal in all indices.
Wave 3]2) seems to be a Double Zigzag.
UTIL 462.94 near target 472.
Same targets as quote.

Quote from mu200411:12-21-11 06:05 PM

This time wave five is short.
Wave 3]2) may be a Double Zigzag.
INDU SPX NASDAQ TRAN UTIL targets.
12800 1313 2760 5300 472
http://www.elitetrader.com/vb/attachment.php?s=&postid=3394208

 

[mu200411]

No change in $USD, $XEU, Crude Oil, Gold and Silver.

 

[mu200411]

Wave 3)s continue.
$USD UP, others DOWN.