Ewj: elliott wave

[mu200411]

VIX dropped to below 14 and rebounded strongly.
This may be a turning point.
Indices shows many reversal Candle Sticks.
This may be turning points for Indices too.

 

[mu200411]

$USD, $XEU, Gold, Silver and Util are about to cross MA(50).
MACDs are about to cut trigger lines to.
Note "M" and "W" patterns.

 

[mu200411]

Only UTIL broke MA(50) as expected.
Others ran away from MA(50).
Gold and Silver still stuck in triangles.
$USD and $XEU still trying to cross MA(50).
Crude Oil finally reached MA(200) target at $96 and RSI was near 70%

 

[mu200411]

VIX and EPCR20 breaks to new low.
This is a fearless market.
Everybody is waiting for indices to make false breaks to new high.
Smart Money is waiting to take profit.
New Suckers is waiting for a sign of Bull Market to get in.
Old suckers is waiting to get out even.

 

[mu200411]

Indices made false breaks and fell as expected.
INDU's and SPX's MACDs cut trigger line DOWN.
SPX's and NASDAQ's RSIs showed SELL Signals.
VIX and EPCR20 UP.
This may be major tops.
Test of DOWN trends at support trendlines and MA(50)s.

 

[mu200411]

$USD finally reached Wave 4 and measured move target near 81.25.
$XEU near measured move target at 126.
Gold ($1669) passed MA(200) target at $1658.
Silver ($31) passed Wave 4 target at $30 and MA(200) at $30.5 .
Crude Oil ($96.71) passed MA(200) possible target at $96.5.
UTIL at measured may have some rebound.

Quote from mu200411:08-01-12 03:30 PM

$USD fell hard at the end of a wave 5 near 84.5 target, it should be Wave 1)5.
Now may be wave 2)a and 2)b.
After Wave 2)c to near 81.25 $USD may go UP as Wave 3).
$XEU rebounded from 120 target but may not go UP to 127.5 because measured moved is 126.
Note: Divergences and RSI's and MACD's BUY and SEL Signals.
Gold may go UP to wave 4 at $1645 or MA(200) at $1658.
Silver may go UP to $28.5 and less likely to wave 4 near $30.
Crude Oil at $96.5 is possible, but Wave 2)c might have ended, and Crude Oil is going DOWN to below MA(50) at $85.9.
Note reverse Head and Shoulders pattern in VIX.
http://www.elitetrader.com/vb/attachment.php?s=&postid=3585859

 

[mu200411]

$USD stayed near 81.25 target for some time.
Wave c.5 should not go below previous top and MA(200) at 80.61.
$XEU's Wave c.5 should not go above 127.
UTIL fell with $USD.
Crude Oil at MA(200) should not go above $100.
Gold and Silver rebounded from MA(200) may fall if $USD rises.

 

[mu200411]

VIX and EPCR20 formed bottoms.
SPX might have formed a major top, and may go DOWN to the beginning of the Ending Diagonal.
INDU's, SPX's, TRAN's and NASDAQ's RSIs and MACDs showed SELL Signals.
These may be significant tops.

 

[Andronichuk]

I thought I would share my free Elliott Wave analysis with you all, please follow the video link to see why I think Gold & Silver have had a FALSE breakout... the S&P 500 is nearing a reversal AND Facebook may be on the verge of bottoming out before a major rally.


http://www.youtube.com/watch?v=AjWMvEn8_pc

 

[mu200411]

$USD Wave 2]c)5.5 at measured move, weekly MA(50) and MA(200). There may be a rebound here to new high or
a small rebound then DOWN to Wave 1]4) low near 78.
$XEU may drop to new low or drop a bit and rebound to weekly MA(50) 130 or Wave 2]4) at 136.
Looks like Gold and Silver 1 year bear market have ended. But this may depend on $USD move.
Crude Oil fifth wave just above weekly MA(50), some draw back soon.