Ewj: elliott wave

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

 

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

 

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

 

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

 

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

 

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.

 

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.

 

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.

 

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.

 

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.