SPX was just above Ending Diagonal target, high = 1925.
May be going UP to 1957,
or DOWN as ED ended.
May be going UP to 1957,
or DOWN as ED ended.
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Ewj: elliott wave
- Thread starter mu200411
- Start date
INDU high at 16,746 just above 16,660.
May be going to 17,000.
DOWN targets are as quote.
May be going to 17,000.
DOWN targets are as quote.
INDU failed to shoot UP to 17,000 due to resistance at 16,660.
An Ending Diagonal is forming.
A fall below 16,200 may confirm this.
A fall below 16,000 may confirm a "Big M" pattern.
A fall below 15,300 may confirm a Bigger "Big M" pattern.
A rise above 16,660 may re-call 17,000 target.
$USD went DOWN as low as 78.91 then
rebounded to as high as 80.58 .
Measured move target = 81.30 .
rebounded to as high as 80.58 .
Measured move target = 81.30 .
$USD approaching "Big M" 78.99 target.
May be a triangle.
If true a rebound may follow.
Crude Oil formed Triple Tops near $104.38 resistance.
May be going UP to $111.50 when the triangle finished.
Or DOWN to $84.80 as an a-b-c.
May be going UP to $111.50 when the triangle finished.
Or DOWN to $84.80 as an a-b-c.
http://www.elitetrader.com/vb/attachment.php?attachmentid=142516&d=1390742291Crude Oil: Head and Shoulders pattern versus "W" pattern.
Head and Shoulders pattern target = $85.9 .
"W" pattern target = $109/$112.
http://www.elitetrader.com/vb/attachment.php?attachmentid=141621&d=1387525204Crude Oil multiple resistances broken: MA(50), MA(200), wave 4, previous highs.
Next resistances = $100.42, $102.22, $104.38.
Note: reverse Head and Shoulders pattern.
For TRAN to crash and the stock market with it,
Crude Oil should surge to $114.8 .
Crude Oil should surge to $114.8 .
Crude Oil formed Triple Tops near $104.38 resistance.
May be going UP to $111.50 when the triangle finished.
Or DOWN to $84.80 as an a-b-c.
http://www.elitetrader.com/vb/attachment.php?attachmentid=142516&d=1390742291
http://www.elitetrader.com/vb/attachment.php?attachmentid=141621&d=1387525204
Triangle finished.
Post-triangle Thrust.
May be going UP to measured move at $111.50 or
previous high at $114.83 or
big measured move at $115.80 .
Post-triangle Thrust.
May be going UP to measured move at $111.50 or
previous high at $114.83 or
big measured move at $115.80 .
Crude Oil formed Triple Tops near $104.38 resistance.
May be going UP to $111.50 when the triangle finished.
Or DOWN to $84.80 as an a-b-c.
http://www.elitetrader.com/vb/attachment.php?attachmentid=142516&d=1390742291
http://www.elitetrader.com/vb/attachment.php?attachmentid=141621&d=1387525204
TRAN: After a parabolic move UP,
it is not impossible for a CRASH to happen.
Note: Bearish Engulfing near multiple measured moves.
it is not impossible for a CRASH to happen.
Note: Bearish Engulfing near multiple measured moves.
TRAN Bullish count = V]V)III.
TRAN Bearish count is not likely.
May be V]IV)Dc]3)5.3 .
TRAN is the most Bullish index. For the market to crash TRAN should crash first.
Gold last lower low is a false break. It may be wave 2)c.
Now may be Wave 3) which may go UP to $1460.
Now may be Wave 3) which may go UP to $1460.
Gold did not go DOWN to $1150.
May be AB-base.
Gold overshot $1300 to $1400 then fell bact to $1266.
May be going UP to $1480 or DOWN to $1150.
This 8-year Wave II) and Wave IV) count says we may be in Wave V) which may rise to 33,000 or 44,800 in 2020.
Another count with 16-year Wave II) and Wave IV) may have Expanding Triangle Wave IV) end near 5300 in 2016.
New Highs favor former count.
Decreasing Volume favors latter count.
Another count with 16-year Wave II) and Wave IV) may have Expanding Triangle Wave IV) end near 5300 in 2016.
New Highs favor former count.
Decreasing Volume favors latter count.
If he did, he would have a more optimistic view. He may forecasted that Cycle Wave IV would be equal to Cycle Wave II which dropped 43% from the January 1966 high of 1001.11 to October 1974 low of 570.01 or 50% or 61.8% (a fibonacci retracement).
So the end of Cycle Wave IV may be forecasted to drop 50% from ~10600 or ~14400 to ~5300 or ~7200 in 8 years. Cycle Wave V may be equal to Cycle Wave I and rise to 33,000 or 44,800 in 1949 + 71 = 2020, the time when oil reserve is very low. Boeing Co., Exxon Mobil Corp., General Motors Corp. and United Technologies Corp. might have gone out of business.