Ewj: elliott wave

INDU at 12570. SPX at 1355. NASDAQ at 2846. UTIL at 441.
The rebounds were tepid.
Next measured moves are 12400, 1330, 2780, 420.
Note: Wave IV]A)IIc] Ending Diagonal support broken.
Next may be Cycle degree DOWN move, Wave III, to 50% lower.
Quote from mu200411:11-08-12 03:19 PM

UTIL broke MA(200) DOWN and fell beyond measured move to 450.
INDU broke MA(200) DOWN, may fall to 12600.
NASDAQ broke MA(200) DOWN, may fall to 2900 or 2850.
SPX broke Head and Shoulders pattern neckline DOWN, may break MA(200) soon, and fall to 1360 or 1340.
This will break the ED support trendline and may be the beginning of Wave IV)III.
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Same as quote.
Gold and Silver may go UP to $1780 and $34.3
Quote from mu200411:11-11-12 04:25 PM

Gold rebounded to MA(50).
Silver may rebound to MA(50) near $33 too.
Then there may be a measured move DOWN to $1620 and $28.5.
But RSIs and MACDs point to continue UP move.
Crude Oil may fall DOWN to $81.
$USD reached 81 as expected, may be going UP to 81.5.
$XEU may be going DOWN to 126.
Note "W" patterns in VIX.
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INDU, SPX and NASDAQ showed Hammers at ninth waves near old and new targets.
These waves look impulsive. There may be rebound as wave 2 or b to wave .8 or MA(200).
TRAN showed Hammer too.
UTIL showed Bullish Engulfing. Note wave 3 - wave 2 = wave 1.
 

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$USD reached 81.46 near 81.5 target. May go UP to measured move and previous top at 81.7.
$XEU met MA(200) resistance and retreated. May go DOWN to 125.5.
Crude Oil may go DOWN to $80 or UP to MA(50) near $90.
Gold and Silver have MA(50) as resistance, may continue DOWN trend.
 

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$USD fell from near target at 81.5 to MA(200) at 80.72.
If MA(200) holds, $USD may go UP to 82.2, if not may fall to 80.
$XEU rebounded from near target at 126 to MA(200) at 128.21.
If MA(200) holds, $XEU may go DOWN to 126, if not may go UP to 129.
Crude Oil rebounded to MA(50) at $90 as expected, may rises to "W" target near $94 or fall to $80.
Gold and Silver rebounded to near MA(50) at $1743 and $33.
If MA(50) holds, may fall back to previous targets, if not may rise to $1770 and $34.2.
 

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Hi All,

I have read “Elliott Wave Principle - Key to Market Behavior” book and feel it is interest so I want to apply it to my real trading.

When I start to apply this theory I am in a big problem that I don’t know where I should start count wave. For example:
If the chart like bellow, I find that this chart is have 5 wave so I think that it is intermediate impulse wave and label as


But later when HNX continue to decline so much so that advance isn’t actionary and it is reactionary


Please kindly guide me how to select the first point to count Elliott wave.

By the wave, please kindly do example for both stock index bellow ( I upload monthly, weekly and daily).

Many many thanks for your helps

HNX monthy (this index is available for more than 6 year)


HNX weekly


HNX daily


VNI monthy


VNI weekly
[IMG=http://img594.imageshack.us/img594/7451/vniweekly.png][/IMG]

VNI daily
 
Apply Elliott theory to stock index / please helps

Hi All,

I have read “Elliott Wave Principle - Key to Market Behavior” book and feel it is interest so I want to apply it to my real trading.

When I start to apply this theory I am in a big problem that I don’t know where I should start count wave. For example:
If the chart like bellow, I find that this chart is have 5 wave so I think that it is intermediate impulse wave and label as


But later when HNX continue to decline so much so that advance isn’t actionary and it is reactionary


Please kindly guide me how to select the first point to count Elliott wave.

By the wave, please kindly do example for both stock index bellow ( I upload monthly, weekly and daily).

Many many thanks for your helps

HNX monthy (this index is available for more than 6 year)


HNX weekly


HNX daily


VNI monthy


VNI weekly
[IMG=http://img594.imageshack.us/img594/7451/vniweekly.png][/IMG]

VNI daily
 
Sharehunter;
No one can help you but yourself.
If your count is right, the market will unfold as the count predict.
Try your counts with minute or hourly charts, so you would not have to wait too long for the answers.
 
INDU, SPX and NASDAQ rebounded to MA(200) as expected, then fell back.
Wave 2.a-.b-.c might have ended. Now may be Wave 3?
TRAN fell from MA(200) too.
Note Death Cross in UTIL.
MACD BUY Signals may be false signal in Bear Market.
Quote from mu200411:11-19-12 10:44 AM

INDU, SPX and NASDAQ showed Hammers at ninth waves near old and new targets.
These waves look impulsive. There may be rebound as wave 2 or b to wave .8 or MA(200).
TRAN showed Hammer too.
UTIL showed Bullish Engulfing. Note wave 3 - wave 2 = wave 1.
http://www.elitetrader.com/vb/attachment.php?s=&postid=3684123
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$USD broke MA(200) then fell to 80 as expected.
The rebound from MA(50) may be Wave 5 which can go UP to 82.6.
$XEU broke MA(200) and overshot target at 129 to 130.
$XEU may go DOWN to 125.2 or go UP to 131.7.
Gold passed MA(50) then fell back to MA(50) may be Wave .4.
Wave .5 may go UP to $1777.
Silver passed MA(50) and reached $34.2 as expected.
Wave .5 may go UP to $35.
If there are no Wave .5 Gold and Silver may have new lows.
Crude Oil is deciding whether to go UP to $94 or DOWN to $80.
Quote from mu200411:11-20-12 05:27 PM

$USD fell from near target at 81.5 to MA(200) at 80.72.
If MA(200) holds, $USD may go UP to 82.2, if not may fall to 80.
$XEU rebounded from near target at 126 to MA(200) at 128.21.
If MA(200) holds, $XEU may go DOWN to 126, if not may go UP to 129.
Crude Oil rebounded to MA(50) at $90 as expected, may rises to "W" target near $94 or fall to $80.
Gold and Silver rebounded to near MA(50) at $1743 and $33.
If MA(50) holds, may fall back to previous targets, if not may rise to $1770 and $34.2.
http://www.elitetrader.com/vb/attachment.php?s=&postid=3685126
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