Ewj: elliott wave

All indices at Trendline resistances and some at resistance levels.
SPX and TRAN at MA(50) resistance.
INDU and SPX 3-wave UP may be Wave 2.a-.b-.c.
Wave 3 may begin soon.
Quote from mu200411:08-31-13 08:29 PM

INDU rebounded to near 15100 as expected, then fell as "sHs" to 14750.
Next may fall to 14550.
SPX fell from MA(50) to 1630.
Next may fall to 1600.
NASDAQ fell to MA(50) as expected.
TRAN fell from 6550 as expected.
Now at 6250, next may be 6170.
UTIL fell from 485 as expected.
Now at 477, next may be 465.

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get long while you still can



Quote from elovemer:

full steam


05-04-13 11:18 PM
full steam ahead
03-08-13 09:56 PM
........................
09-15-12 05:46 PM
Quote from elovemer:
sure looks like big wave 3 underway on all indices
look out above
all time highs should be a great chance to get long again
long term naz.... can see the wave 3 very clearly
Quote from elovemer:
........................
09-15-12 05:46 PM
 
$USD fell below MA(200), may be forming reverse Head and Shoulders pattern.
$XEU rebounded to 50% - 61.8% retracement.
Crude Oil, Gold and Silver at support trend lines.
If $USD rebounded all others might fall.
Quote from mu200411:09-08-13 08:25 PM

$USD broke MA(50) and went UP to 82.75 then fell to MA(50) support. May go UP again.
$XEU broke MA(50) to rebound from MA(100) support. Now at MA(50) resistance. May fall DOWN again.
Gold rebounded from $1350 support. "3 waves versus 5 waves" will tell whether it is BULL or BEAR.
Silver rebounded from $23 support. This week may reveal BULL or BEAR.
Bond impending break DOWN.
Crude Oil can move UP to $115 as an Ascending Wedge.

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$USD fell as classic moving average SELL Signal indicated.
MA(50) is going to cut MA(200) DOWN soon, a Death Cross.
First target for "Big M" pattern = 79.2, next target = 77.2 and 75.2.
Wave 2]c) of Flat Wave 2] may end at 78.4.
If $USD rebounded from here a big reverse Head and Shoulders pattern may be in force.

Quote from mu200411:09-12-13 09:26 PM

$USD fell below MA(200), may be forming reverse Head and Shoulders pattern.
$XEU rebounded to 50% - 61.8% retracement.
Crude Oil, Gold and Silver at support trend lines.
If $USD rebounded all others might fall.

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SPX's Ascending Wedge may be last Bearish count.
Third RSI SELL Signal may finally be a true SELL Signal.
Quote from mu200411:09-12-13 09:21 PM

Weekly MACD and RSI are still weak.
INDU may be forming Head and Shoulders pattern.
SPX, NASDAQ and TRAN may be forming Ascending Wedge.
IF Bond broke support level DOWN, UTIL may too.

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