Ewj: elliott wave

[mu200411]

EUR/USD reached 1.288 but the count in incomplete.
There is one more sub-wave.
EUR/USD Wave III2]c)2.c may end nearer to 1.284.

 

[mu200411]

Wave 2 ended at 1.288 as expected.
Wave 3 should go UP to 1.335.
If EUR/USD went below 1.288, we might have to re-count again.
Note: Wave 5 is treacherous, sometimes it extends, sometimes it fails, sometimes it doesn't appeared at all.

Quote from mu200411:12-07-12 12:32 AM

EUR/USD went as high as 1.314, near previous top, then fell back as expected.
If this count is right, EUR/USD should rebound from 1.288 to 1.335.
When EUR/USD goes below 1.265, this count is wrong.
http://www.elitetrader.com/vb/attachment.php?s=&postid=3696710

 

[mu200411]

INDU reached MA(50) resistance.
SPX still at MA(50) resistance.
NASDAQ fell from MA(50) resistance.
Reverse Head and Shoulder patterns in SPX and NASDAQ.
Which will prevail, MA(50)s or r-sHss?
RSIs and MACDs are still bullish.
UTIL and TRAN at resistance trend lines.
Note: Many tops when Equity Put/Call R20 = 0.95.

 

[Blaiserboy]

Do you foresee much of a drop, generally, in December.?

 

[mu200411]

$XEU went up to 131.1 then fell back to 128.8.
May rebound to measured move at 133.
RSI and MACD SELL Signal, as well as Head and Shoulders pattern may send $XEU DOWN to 128 or 127.
$USD fell because of MA(200) and sHs to 79.5 then rebounded to meet MA(200) resistance again.
RSI and MACD BUY Signals and r-sHs may send $USD to 81.5 again.
If not $USD may fall to 78.6 again.
Crude Oil is forming "Big M" pattern, if confirmed may fall to $84 or $80-78 if sHs pattern confirmed.
Silver Wave .5 is shorter than expected.
Note SELL Signals in RSI and MACD.
If "Big M" pattern confirmed, may fall to $32.
No Wave .5 in Gold. sHs pattern was confirmed. MACD SELL Signal.
Gold may go DOWN to $1670.

Quote from mu200411:11-29-12 12:04 AM

$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.
http://www.elitetrader.com/vb/attachment.php?s=&postid=3690822

 

[mu200411]

SPX moved UP as r-sHs indicated. But NASDAQ failed.
Wave 2)a-b-c-x-a-b-c at measured move.
Next may be big measured move DOWN as Wave 3).
Note: More tops when Equity Put/Call R20 = 0.94.
There may be Wave .5 in TRAN.

 

[mu200411]

Gold, Silver and Crude Oil may be going DOWN as "Big M" and "sHs" patterns indicated.
Note Candlestick SELL Signals.
$XEU passed resistance trendline to 1.313.
Next resistance = 1.317, if passed, would go on to 1.33 target.
$USD sHs target 78.7.
"Big M" in $XEU and r-sHs in $USD may cause $XEU and $USD to move in line with metals and oil.

 

[mu200411]

EUR/USD went UP as high as 1.31730.
May be going UP to 1.335.

 

[mu200411]

$USD is going to break sHs neckline soon. Target = 78.7.
Crude Oil may confirm "Big M" pattern soon. Target = $84.
Target for confirmed Head and Shoulders pattern =$78.
Gold's Head and Shoulders pattern confirmed. Target =$1670.
Target of "Big M" pattern = $1600.
Silver's Head and Shoulders pattern confirmed. Target =$31.
Target of "Big M" pattern = $28.
If AAPL breaks NOV's low, next target may be $400.

 

[mu200411]

Most wave count are Wave 3), but emerging patterns are many reverse Head and Shoulders patterns.
Mr. Market will decide soon.
SPX's and NASDAQ's MACD may show SELL Signals soon.