Ewj: elliott wave

From $1195 (near $1200), Gold began the journey DOWN to $1040 as scheduled .

 

Three alternative counts .
1.Wave IV]A)2]c) next SPX 558 :eek:
2.Wave 1]4) next SPX 1030 - 1010
3.Wave 5)1 and 5)2 next SPX new high again

 

USD/JPY may be going DOWN to 83 ,
before goind DOWN to 80 .

 

Here's my homework for next week AEX...

Gonna take a look at S&P later this weekend.

Daily chart: Cycle ends next week.

 

Hourly AEX battleplan

 

US markets looking stronger then EU. Looks like Dollar/Euro is making the difference.

Wait for cycle low and buy to catch end of year rally.

 

Nikkei, not strong.

And a quick conversion of indices in foreign currency.

Enjoy your trading next week

 

Looks like sideways-abc .
But futures point to one-two-three ??? .

 

Gold almost $1200 again :eek: .
70% deflation in one year .

Gold. Gold for December delivery touched a record $1,199.30 in electronic trading early Tuesday before easing to $1,195.10, up $14.
http://money.cnn.com/2009/12/01/markets/premarkets_Tuesday/index.htm

 

Looks like 5)1-2 ,
and now 5)3 .