Ewj: elliott wave

Gold and Silver stalled as expected, after some set back may rise to MA(50) near $1640 and $31.
Crude Oil rebounded as expected and may go UP to MA(200) near $96.
VIX fell from near 26 as expected, may rebound soon from 22 or 20.
$USD fell from resistance, may rebound from 80.75 or 80.20.
$XEU rebounded as expected, may fall again from 129 or 130.
Note RSIs BUY and SELL Signals.
MACDs may give BUY and SELL Signals soon.
 

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TRAN reached target at 5140 may be Wave 4.
INDU, SPX and NASDAQ may be in Wave 4.c.
After all reaches targets, may be Wave 5.
MACD BUY Signals may be false signals in a falling market.
 

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Head and Shoulders patterns in $USD and $XEU confirmed.
Next targets may be just below 86 and 120.
Crude Oil next targets may be weekly MA(200) at $81.5 or $75.
VIX next target may be weekly MA(200) at 27.31.
If Gold and Silver break the supports DOWN,
next targets may be near weekly MA(200) at $1300 and $23.
 

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$USD and $XEU endured some set back at halfway to targets (83.5 and 123.
Next measure moves will send $USD and $XEU to 86 and 120.
Crude Oil DOWN to $82.5 may reach target $81.5 soon.
VIX broke reverse Head and Shoulders neckline again, may go UP to 27.31.
Gold and Silver rebounded from supports, met resistances at trend-lines and levels, may struggle for a while.
Quote from mu200411:05-25-12 12:06 PM


Head and Shoulders patterns in $USD and $XEU confirmed.
Next targets may be just below 86 and 120.
Crude Oil next targets may be weekly MA(200) at $81.5 or $75.
VIX next target may be weekly MA(200) at 27.31.
If Gold and Silver break the supports DOWN,
next targets may be near weekly MA(200) at $1300 and $23.
http://www.elitetrader.com/vb/attachment.php?s=&postid=3535652
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Quote from mu200411:05-19-12 03:58 PM


Gold and Silver rebound to near resistance, should turn DOWN soon.
Crude Oil DOWN below $92 support, may go DOWN further.
$USD reached resistance and stalled. Support = 80.75.
$XEU reached support and rebounded. Resistance = 129.
VIX near MA(200) resistance. May set back a bit.
Note completed multiple "M" and "sHs" patterns.
http://www.elitetrader.com/vb/attachment.php?s=&postid=3530951
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All indices broke MA(200) DOWN.
This may be the fifth wave. Next target may be at measured moves.
INDU's = 12000 or 11700.
SPX's = 1265 or 1220.
NASDAQ's = 2700 or 2600.
TRAN's = 4750 or 4700.
UTIL's = 459 or 455.
Note: MACD and RSI first 2 BUY Signals in falling market may be false signal.
 

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Most indices rebounded from short measured moves.
INDU rebounded from near 12000, met resistance at 12650.
May go UP to previous low and MA(50) near 12700, or continue to fall.
SPX rebounded from near 1265, met resistance at 1330.
May go UP to previous low and MA(50) near 1350, or continue to fall.
NASDAQ rebounded from near 2700, met resistance at 2880.
May go UP to previous low and MA(50) near 2930, or continue to fall.
TRAN rebounded from near 4800, met resistance at 5100.
May go UP to previous low and MA(50) near 5130, or continue to fall.
Note reverse Head and Shoulders forming in most indices.
Quote from mu200411:06-03-12 02:03 PM

All indices broke MA(200) DOWN.
This may be the fifth wave. Next target may be at measured moves.
INDU's = 12000 or 11700.
SPX's = 1265 or 1220.
NASDAQ's = 2700 or 2600.
TRAN's = 4750 or 4700.
UTIL's = 459 or 455.
Note: MACD and RSI first 2 BUY Signals in falling market may be false signal.
http://www.elitetrader.com/vb/attachment.php?s=&postid=3542525
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Crude Oil rebounded from near $81.5 as expected.
Note: "Death Cross". May fall a lot more.
VIX fell from near 27.31 as expected.
Now a stage for next big rally is formed.
$USD fell from 83.5 and formed a base at support near 81.7,
may rally big soon.
$XEU rebounded from 123, met resistance at 125.
May fall to 120 this time.
Gold and Silver struggled at resistance trend-lines and level as expected.
This time may fall big from MA(5).
Quote from mu200411:06-03-12 01:19 PM

$USD and $XEU endured some set back at halfway to targets (83.5 and 123.
Next measure moves will send $USD and $XEU to 86 and 120.
Crude Oil DOWN to $82.5 may reach target $81.5 soon.
VIX broke reverse Head and Shoulders neckline again, may go UP to 27.31.
Gold and Silver rebounded from supports, met resistances at trend-lines and levels, may struggle for a while.
http://www.elitetrader.com/vb/attachment.php?s=&postid=3542517
More...
 

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