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Ewj: elliott wave
- Thread starter mu200411
- Start date
$USD UP and $XEU DOWN as expected.
RSIs and MACDs gave BUY and SELL Signals accordingly.
$USD measured move target = 80.7 near MA(200).
$XEU measured move target = 126 near MA(50).
Gold and Silver not DOWN yet, but the "Big M" patterns are forming.
RSIs first SELL Signals may not be a true SELL Signals.
MACDs SELL Signals are more reliable.
Sometimes Golden Cross coincides with top.
Crude Oil cut both MA(200) and MA(50) DOWN.
Measured move target = $86
RSIs and MACDs gave BUY and SELL Signals accordingly.
$USD measured move target = 80.7 near MA(200).
$XEU measured move target = 126 near MA(50).
Gold and Silver not DOWN yet, but the "Big M" patterns are forming.
RSIs first SELL Signals may not be a true SELL Signals.
MACDs SELL Signals are more reliable.
Sometimes Golden Cross coincides with top.
Crude Oil cut both MA(200) and MA(50) DOWN.
Measured move target = $86
Attachments
Only Crude Oil went DOWN to near measured move target (87.5$ vs $86).
$USD and $XEU may go into Wave .3 or Wave c to near measured move, where MA(50) and MA(200) may cross.
Gold showed Ending Diagonal.
Silver showed set up for the "Big M" pattern.
$USD and $XEU may go into Wave .3 or Wave c to near measured move, where MA(50) and MA(200) may cross.
Gold showed Ending Diagonal.
Silver showed set up for the "Big M" pattern.
Quote from mu200411:10-01-12 12:05 PM
$USD UP and $XEU DOWN as expected.
RSIs and MACDs gave BUY and SELL Signals accordingly.
$USD measured move target = 80.7 near MA(200).
$XEU measured move target = 126 near MA(50).
Gold and Silver not DOWN yet, but the "Big M" patterns are forming.
RSIs first SELL Signals may not be a true SELL Signals.
MACDs SELL Signals are more reliable.
Sometimes Golden Cross coincides with top.
Crude Oil cut both MA(200) and MA(50) DOWN.
Measured move target = $86
http://www.elitetrader.com/vb/attachment.php?s=&postid=3641092
Attachments
The "Big M" patterns confirmed in many indices.
INDU "Big M" targets = MA(50)@13300, previous top and low @ 13250, beginning of left arm @ 13000.
SPX "Big M" target = 1400.
NASDAQ "Big M" target = 3050 or 3000.
The "Big M" at the end of very big Ending Diagonal doesn't bode well for SPX.
INDU "Big M" targets = MA(50)@13300, previous top and low @ 13250, beginning of left arm @ 13000.
SPX "Big M" target = 1400.
NASDAQ "Big M" target = 3050 or 3000.
The "Big M" at the end of very big Ending Diagonal doesn't bode well for SPX.
Attachments
It looks like $USD is moving UP as Wave 3 or C to measured move target near MA(50) and MA(200) meeting point at 80.7.
And $XEU is moving DOWN as Wave 3 or C to measured move target near MA(50) at 126.8.
Crude Oil rebounded to resistance level and MA(50) at $83.8, may go DOWN to Head and Shoulders target near $77.5.
If VIX "W" pattern confirmed, VIX may go UP to 19 or 21.
Gold broke ED support line, may go DOWN to $1725.
If Silver breaks "Big M" neckline support near $33.5, it may go DOWN to $32.4 or $32.
And $XEU is moving DOWN as Wave 3 or C to measured move target near MA(50) at 126.8.
Crude Oil rebounded to resistance level and MA(50) at $83.8, may go DOWN to Head and Shoulders target near $77.5.
If VIX "W" pattern confirmed, VIX may go UP to 19 or 21.
Gold broke ED support line, may go DOWN to $1725.
If Silver breaks "Big M" neckline support near $33.5, it may go DOWN to $32.4 or $32.
Attachments
INDU and SPX rebounded from previous tops and MA(50) near targets 13300.
MACDs may give BUY Signals soon.
TRAN rebounded and met resistance @ MA(200.
NASDAQ rebounded from "Big M" target@3050 and met resistance @ MA(50).
UTIL rebounded from MA(50) may pass previous top soon.
MACDs may give BUY Signals soon.
TRAN rebounded and met resistance @ MA(200.
NASDAQ rebounded from "Big M" target@3050 and met resistance @ MA(50).
UTIL rebounded from MA(50) may pass previous top soon.
Quote from mu200411:10-11-12 04:06 PM
The "Big M" patterns confirmed in many indices.
INDU "Big M" targets = MA(50)@13300, previous top and low @ 13250, beginning of left arm @ 13000.
SPX "Big M" target = 1400.
NASDAQ "Big M" target = 3050 or 3000.
The "Big M" at the end of very big Ending Diagonal doesn't bode well for SPX.
http://www.elitetrader.com/vb/attachment.php?s=&postid=3649445
Attachments
Gold and Silver went DOWN to near targets ($1725 and $32.4) as expected, then rebounded. May be Wave .4.
Wave .5 targets may be MA(50)s near $1712 and $32.18
Crude Oil Head and Shoulders pattern versus reverse Head and Shoulders pattern. MA(50) and MA(200) may favor the former.
$USD "Death Cross" sometimes marks the low.
$USD "Big M" target = 78.5. MACD may give SELL Signal soon.
$XEU "W" target = 131.7. MACD may give BUY Signal soon.
Wave .5 targets may be MA(50)s near $1712 and $32.18
Crude Oil Head and Shoulders pattern versus reverse Head and Shoulders pattern. MA(50) and MA(200) may favor the former.
$USD "Death Cross" sometimes marks the low.
$USD "Big M" target = 78.5. MACD may give SELL Signal soon.
$XEU "W" target = 131.7. MACD may give BUY Signal soon.
Quote from mu200411:10-11-12 04:53 PM
It looks like $USD is moving UP as Wave 3 or C to measured move target near MA(50) and MA(200) meeting point at 80.7.
And $XEU is moving DOWN as Wave 3 or C to measured move target near MA(50) at 126.8.
Crude Oil rebounded to resistance level and MA(50) at $83.8, may go DOWN to Head and Shoulders target near $77.5.
If VIX "W" pattern confirmed, VIX may go UP to 19 or 21.
Gold broke ED support line, may go DOWN to $1725.
If Silver breaks "Big M" neckline support near $33.5, it may go DOWN to $32.4 or $32.
http://www.elitetrader.com/vb/attachment.php?s=&postid=3649451
Attachments
Gold and Silver fell to second targets, $1712 and $32.18, near MA(50) and "Big M" pattern targets as expected.
This may be the end of Wave .5 and there may be a rebound back to "Big M" neck line near end of Wave .4.
Note: Golden Cross with MACD and RSI SELL Signals is not a good bullish indicator.
Crude Oil's Head and Shoulders pattern, reverse Head and Shoulders pattern and a new "Big M" pattern. MA(50) and MA(200) may be strong resistances. Head and Shoulders and "Big M" patterns may prevail.
Failed $USD "Big M" and $XEU "W" patterns may turn into "W" and "Big M" patterns.
This may be the end of Wave .5 and there may be a rebound back to "Big M" neck line near end of Wave .4.
Note: Golden Cross with MACD and RSI SELL Signals is not a good bullish indicator.
Crude Oil's Head and Shoulders pattern, reverse Head and Shoulders pattern and a new "Big M" pattern. MA(50) and MA(200) may be strong resistances. Head and Shoulders and "Big M" patterns may prevail.
Failed $USD "Big M" and $XEU "W" patterns may turn into "W" and "Big M" patterns.
Quote from mu200411:10-17-12 11:28 AM
Gold and Silver went DOWN to near targets ($1725 and $32.4) as expected, then rebounded. May be Wave .4.
Wave .5 targets may be MA(50)s near $1712 and $32.18
Crude Oil Head and Shoulders pattern versus reverse Head and Shoulders pattern. MA(50) and MA(200) may favor the former.
$USD "Death Cross" sometimes marks the low.
$USD "Big M" target = 78.5. MACD may give SELL Signal soon.
$XEU "W" target = 131.7. MACD may give BUY Signal soon. http://www.elitetrader.com/vb/attachment.php?s=&postid=3654082