Ewj: elliott wave

Looks like a triangular correction .
There may be another measured move UP to 1100 .

 

$INDU: Double Top Breakout on 15-Sep-2009. Bullish Price Obj. 10550.
$SPX: Ascending Triple Top Breakout on 10-Sep-2009. BPO 1295.
$Compq: Double Top Breakout on 09-Sep-2009. BPO 2510.
http://stockcharts.com/def/servlet/SC.pnf?chart=$compq,PLTADANRBO[PA][D20090918][F1!3!!!2!20]&pref=G

 

Wave 3.3:5 and 3.5 may end between 1100 - 1150 near ed's targets of 1121 - 1133 .
There may be Wave 3.5 UP to 11400, 1250, 2400 .

 

New low :eek: .
This may be Wave 3)3.4 .
There may be a measured move UP .
May be not .

 

SPX: may be New High today .

Dukascopy Market Watch
Tue, 22 Sep 2009 12:07:04 +0000
EUR/USD 1.4793
Light 71.15
XAU/USD 1017.44

US Markets Sep 22 8:23am † Change %Change Level
Dow +60.00 +0.62% 9,778.00
NASDAQ +10.75 +0.62% 1,738.50
S&P +6.60 +0.62% 1,067.00
http://money.cnn.com/data/currencies/index.html

 

New High as expected .
What's next ?

 

Wonder if Ralph considered the effect of the "varying" USD in his counts.
The Dow/Gold counts are very different from the Dow/USD counts, etc

 

Looks like a series of 5-waves .
There may be some more 5-wave series .
The problem is "there is also a series of "M" pattern .
Beware of the red lines .

 

New High again .
But I wonder will it sustain this time or not .

 

Daily SPX touched the P-line today. Price also made a pretty big intraday head-fake and down by 9 point at the close. Time to be cautious.

If this is the end of wave-c, then there's plenty of downside ahead. But I leave this to you senior Elliotters.