Ewj: elliott wave

[elovemer]

here is the test

how they close out friday

Quote from elovemer:
pullback on hourly chart was most likely not a wave 4 on daily chart
more likely a 50% point of the wave 3 being formed
which corresponds to your 1.4 labelled wave
i would just erase your 1.4 and 1.5 labels ... and label it continuation

 

[mu200411]

Wave 4 should end near the end of Wave .4 of a lesser degree (12750, 1340, 2900).
If it falls through the end of Wave .4 of a lesser degree, it may be Wave 1 of the larger Wave 3) or 5).

 

[mu200411]

$USD DOWN, everythings else UP.

 

[mu200411]

Gold and Silver may go DOWN as 3 or UP as 2.c?
Crude Oil may continue DOWN as "M".
$USD may go UP as "W".
$XEU may go DOWN as "sHs" .

 

[mu200411]

NASDAQ is the last to show MACD and RSI SELL Signals.

 

[mu200411]

Ending Diagonals in INDU, SPX and NASDAQ.
Wave 3.5 or c.5 might have ended.
Next may be Wave 4 or Wave 3).

 

[mu200411]

$USD crosses MA(50) UP. $XEU may cross MA(50) DOWN soon.
$USD may return UP to 81.5. $XEU may go DOWN to 127.
Silver shows a-b-c, Gold does not show.
Measured moves may send Gold and Silver DOWN to $1530 and $27.5.
MACDs may show SELL Signals soon.
Crude Oil may go DOWN as "M" to $95.5.

 

[mu200411]

Wave III3]3)4 invaded Wave II3]3)1 so it was not wave 4.
This may be Wave IIc] or Wave IIc]3) which can go DOWN to 0.926.

Quote from mu200411:03-22-12 12:14 PM


AUD/USD Wave III3]3)4 or not?
Now at top of Wave III3]3)I, if fall further = not Wave III3]3)4.

 

[mu200411]

All indices begin to fall as expected.
Ascending Triangle, MACD and RSI SELL Signals are still OK.
There is a multitude of "M" patterns to be fulfilled.

 

[mu200411]

Gold and Silver are forming DOWN trend channels.
Crude Oil is forming "Big M" pattern.
VIX is cutting DOWN trend line UP.
$USD is forming "W" pattern.
$XEU is confirming the Head and Shoulder pattern.