Ewj: elliott wave

[mu200411]

If INDU falls below the last trendline, it may confirm a "Big M" pattern and a b-wave.

INDU measured move UP target versus Ending Diagonal.
Note: Many previous irregular corrections.

 

[mu200411]

If TRAN falls below the last trendline, it may confirm a "Big M" pattern and a b-wave.

TRAN measured move UP target versus Zigzag DOWN target.
Note: Divergence between INDU and TRAN.

 

[mu200411]

If NASDAQ falls below the last trendline, it may confirm a "Big M" pattern and a b-wave.

NASDAQ measured move UP target versus Ending Diagonal.
Note: "Big M" pattern.

 

[mu200411]

If SPX falls below the last trendline, it may confirm a "Big M" pattern and a b-wave.

SPX measured move UP target versus Ending Diagonal.
Note: Many previous irregular corrections.

 

[mu200411]

$USD 91.81 near 92.0 target and 2005 High at 92.63.
There may be one more wave UP before some set back.

$USD (92.53) reached 2005 High at 92.63 .
There is still another wave UP to go may be to 92.9 or 94.

 

[mu200411]

EUR/USD (1.18684) went below 2010 low (1.18758).
May be Wave III3]3)3.
After a rebound as Wave III3]3)4, Wave III3]3)5 can go DOWN to 1.152.

It turned out Wave III3]3)3 was extended.
There may be another wave to 1.152, 1.150 or 1.130 before Wave III3]3)3 ends.

 

[mu200411]

Crude Oil fell as expected to lower low at $52.03, may be wave i, ii and iii.
The rebound to $55.11 may be wave iv.
There may be wave v DOWN to $49.3, $48.5 or $45.9.
This may be Wave V]IV)C3]3)5 or V]IV)C3]5).
Wave V]IV)C5] target may be $32.7.

There was Crude Oil's wave v DOWN as expected,
which fell pass $45.9 to new measured moves at $44.20, then rebounded to wave iv.
If this is Wave 3)5.4, Wave 3)5.5 may fall from near $49.65 to $28.30.
If this is Wave 4) Wave 5) may fall from near $59 to Fri 1/23/09 low at $32.70.
If this is Wave 4] there may be a 3-year sideway market again.
Note: The 6-year old beautiful Head and Shoulders pattern.

 

[mu200411]

Gold fell as 5-wave to $1,170.70 then rebounded as 3-wave to $1,210.90.
May be Wave :1 and :2.
Gold fell again to lower low at $1,167.30, may be Wave :3.
Wave :3 target may be $1,145.
Wave :5 target may be $1,108.

Gold rose to higher high at $1244.60, this can be Wave IVc]5)3.4 until $1255.60
which is Wave IVc]5)3.3:4 high.
Wave IVc]5)3.5 target may be $1,113 or $1,050.

 

[mu200411]

EUR/USD (1.18684) went below 2010 low (1.18758).
May be Wave III3]3)3.
After a rebound as Wave III3]3)4, Wave III3]3)5 can go DOWN to 1.152.

After EUR/USD rebounded to 1.18710 as Wave III3]3)4,
Wave III3]3)5 went DOWN as expected to 1.15702 near 1.152 target.
EUR/USD can go DOWN to 1.130 with or without a rebound to 1.187 first.

 

[mu200411]

Gold rose to higher high at $1244.60, this can be Wave IVc]5)3.4 until $1255.60
which is Wave IVc]5)3.3:4 high.
Wave IVc]5)3.5 target may be $1,113 or $1,050.

Gold Wave IVc]5)3.4 rose UP to $1,282.40 invading Wave IVc]5)3.1 at $1,277.40.
If "Wave IVc]5)3.5 to $1,080 targets" didn't materialize,
we may have to change our count.