Ewj: elliott wave

May be the beginning of Wave 3).
Candlestick topping patterns at the end of Triangles.
Evening Stars in INDU, SPX and COMPQ.
Bearish Engulfing in NASDAQ.
Harami in UTIL, the only one that get near target (466 vs 472).
 

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Quote from mu200411:

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

Yes, very good. We'll see of $usd decides to end 1 of 5 inside (3) under$80, then retrace back to $75ish for 2, then explode, to everyone's shock and amazement (except the large traderz who have been accumulating.....)

Wave 3 is the only one worth averaging down for.

:D :D :D
 
Silver is the first to reach target $26.
Gold and EUR/USD may follow soon.
Crude Oil forecast is wrong.
Quote from mu200411:12-17-11 11:37 AM


5-waves DOWN, 3-waves UP may be Wave .3 and .4 or :3 and :4.
Next may be Wave :5, .5 or 5 DOWN.
Crude Oil measured move DOWN target may be $87.5 :confused: .
Gold measured move DOWN target may be $1450 :confused: .
Silver measured move DOWN target may be $26 :confused: .
$XEU measured move DOWN target may be 126 :confused: .
$USD measured move UP target may be 82.5 :confused: .
http://www.elitetrader.com/vb/attachment.php?s=&postid=3390826
 

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$USD Wave 3)5 has not reached 82.5 (last high = 81.5).
$XEU reached 126 and rebounded.
Gold and Silver rebounded from end of wave C3]1)5 near targets and Double Bottom, with something like reverse Head and Shoulders patterns.
Crude Oil stalled at "M&m" .
VIX at 20.
 

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INDU, SPX, NASDAQ and TRAN show a five wave pattern with short third and fifth wave which is common in wave b and wave 2.
Fifth subwave .5 of Wave 2)c below measure move.
Wave 2) might end soon.
 

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Crude Oil "m" of the "M&m" pattern confirmed. MACD cut trigger line DOWN. May contineu DOWN as Wave C3].
Gold's and Silver's Head and Shoulders patterns confirmed. May meet MA(50)s and trendline resistances soon.
$USD DOWN. $XEU UP.
 

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