Ewj: elliott wave

Reverse Head and Shoulders patterns confirmed.
INDU up to near 12700 and SPX up to near 1350 as expected.
All indices at MA(50) or resistance levels should go DOWN soon.
Quote from mu200411:06-14-12 12:55 AM


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.
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Crude Oil @ $78 may reach $75 target soon.
Gold recent low = $1520 may break $1500 soon, then DOWN to $1300.
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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Indices made false breaks through the MA(50) then fell back hard to below previous high so these are no wave 4.
The falls since April look impulsive.
Next may be wave 3 or c to lower low.
Note: MACDs change direction, may give SELL Signals soon.
Note also UTIL's RSI and MACD SELL Signals.
 

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Gold and Silver falls look impulsive.
Wave 5s may take Gold and Silver to new lows.
Gold's and Silver's show SELL Signals. RSIs are returning to bear level.
Crude Oil new low = wave 5 which may go DOWN to $75.
$USD and $XEU are going UP and DOWN as wave 5.
 

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Will there be fifth wave DOWN in INDU and SPX to MA(200) at 12300 and 1300.
If there is, Gold and Silver may have too.
And Crude Oil can go DOWN to $75, while $XEU makes new low.
MACDs may give SEL Signals soon.
 

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$USD steep fall, then resumes UP trend, may be wave .1-.2-.3.
$XEU strong rebound, then resumes DOWN trend, may be wave .1-.2-.3.
Gold's and Silver's wave 5s a little bit short, may be Wave 1)5 or 5.1,
the rebound may be Wave 2)a or 5.2. MA(50) = resistance.
Crude Oil rebound may be Wave 2). MA(50) = resistance.
 

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$XEU near target at just below 1.22 may be Wave 1)5.3
Wave 1)5.3 might have ended or may end soon, then there would be a rebound as Wave 1)5.4.
$USD may be in Wave 1)5.4, next may be Wave 1)5.5.
Gold, Silver and Crude Oil meet MA(50) resistance.
INDU and SPX rebound, may be Wave 3)1.1:2.
 

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