Ewj: elliott wave

[mu200411]

UTIL rebounded as Wave 3.2 then fall as Wave 3.3:1 as a 5-wave.
There may be a rebound as Wave 3.3:2 to 575 and
the a fall as Wave 3.3:3 to 520.

Wave 3.3:2 rebounded beyond 575 to 593 and
then fell as Wave 3.3:3 to 570.
Wave 3.3:3 may end near 536.

 

[mu200411]

SPX broke above neck-line then fell back as a confirmed "Big M" pattern.
SPX can go UP to 2,260 but this is less likely now.
SPX may fall to 1,850 soon.

SPX fell pass 1,850 to 1,812 as Wave 3)1 then
rebounded to 1,908 as Wave 3)2.
Wave 3)3 may fall to 1,690 or 1,670.

 

[mu200411]

NASDAQ rose to test 2000 High for the fifth time and fell back below MA200 with a tentative "Big M" pattern.
If the "Big M" pattern is confirmed Wave IV]C1]3)1 target may be 4,250.

NASDAQ fell short of 4,250 to only 4,313 as Wave 3)1 then
rebounded to 4,591 as Wave 3)2.
Wave 3)3 may fall to 3,850.

 

[mu200411]

Crude Oil fell to $42.03 before rebounded to $62.58 just above $60 target, this may be Irregular Correction of Wave 4)c.
Wave 5)1 and 5)2 ended at $37.75 and $49.33.
Wave 5)3 and 5)5 targets may be $29.5 and $25.5/24.4 .

Crude Oil Wave 5)3 or 5]3) overshot target $29.5 to $27.56.
Wave 5)4 or 5]4), now at $32.35, may go UP to $38.39 before
going DOWN to $22.68 as Wave 5)5 or 5]5).

 

[mu200411]

Gold moved to higher high before going DOWN to $ 1,045.40 just above Wave III4]'s or 2/5/2010's low at $1,044.5.
After a rebound to near $1,104 Gold may fall to double measured move at $967.

Gold rebounded pass $1,104 to $1,113.
Gold's Wave IV)A5]5) may fall to double measured move at $967 or
Wave III top at $1,029.

 

[mu200411]

Silver Wave 4 invaded Wave 1 territory to end at $16.37.
Wave 5.1 and 5.2 ended at $13.85 and $14.64.
Wave 5.3 current low at $13.75 may end near $12.5.
Wave IV)C5]5)5.5 may end near $12.1 or $11.5.

Silver's Wave IV)A5]3) ended at $13.62.
Wave IV)A5]4) may end near $16.37.
Wave IV)A5]5) may end near $12.47, $11.73 or $11.

 

[mu200411]

$USD : No higher high, but lower low to 92.62 = Wave 4]c).
Wave 5]1)3 ended at 100.51.
Wave 5]1)5 may end near 101.5 or 104.5.

$USD's Wave 5]1)3 ended at 100.51.
$USD's Wave 5]1)5 may end near 101.5 or 104.5

 

[mu200411]

Wave III3]3)5.5 is a wave 5 failure.
Wave III3]4) went UP to 1.145.
Wave III3]5) may go DOWN to 1.023.

EUR/USD's Wave III3]4) went UP to 1.145.
EUR/USD's Wave III3]5) may go DOWN to 1.023.

 

[mu200411]

USD/JPY went up to 125.85.
There may be another wave to 127.5 before some set back to 118.

USD/JPY's another wave, 3]5)5, was a wave-5-failure and
ended at 125.282 instead of going up to 127.5.
Wave 4]'s now at 116, a little bit lower than 118, may go down to 114.
Wave I5] may go UP to 149.

 

[mu200411]

Crude Oil Wave 5)3 or 5]3) overshot target $29.5 to $27.56.
Wave 5)4 or 5]4), now at $32.35, may go UP to $38.39 before
going DOWN to $22.68 as Wave 5)5 or 5]5).

Crude Oil rebounded to $38.51 near $38.39 as expected.
Next may be Wave 5)5 to $22.68.