Ewj: elliott wave

[mu200411]

Waves in the year 2009 - 2014 may be
Wave V)I1]-2]-3] or
Wave IV)Da]-b]-c].
If we are in Wave V)I3] volume should be higher than in Wave V)I1].
Decrease volume favors Wave IV)D of an expanding triangle.

 

[mu200411]

Currently we may be in Wave V]IV)Dc]5)3.5 or
Wave V]V)I3]5)3.5.

 

[mu200411]

NASDAQ "W" pattern may end after parabolic move UP to round numbers 4500 or 5000, or previous top at 5132.

 

[mu200411]

NASDAQ Wave V)I3]5) versus Wave IV)Bc]3)5.
Some resistances near 4500, 5000, 5132 and 5500.

 

[mu200411]

TRAN still strong despite high oil price.

 

[mu200411]

TRAN is most bullish.
May be in Wave V)I3]3) or Wave IV)D]c).
The problem is why wave 3's volume is lower than wave 1's.

 

[mu200411]

After the return move, there may be Crude Oil 3rd or 5th wave UP to $119.5 .

 

[mu200411]

Gold moved UP as a 5-waves.
There may some set back to $1300 before a strong move to $1400.

 

[mu200411]

$USD
"W" and reverse Head and Shoulders patterns point UP to 82.00 .

 

[mu200411]

Set back to $1300 as expect.
Supports near $1295-$1300 and reverse Head and Shoulders pattern may push Gold UP to $1400.

Gold moved UP as a 5-waves.
There may some set back to $1300 before a strong move to $1400.