Ewj: elliott wave

Okay, here's another try.....

Double zigzag

SPX 90min

 

The UP waves looked corrective .
Wave c.5 may be a wave five failure.
Wave 2]c) might have begun .
The three red lines may be good SELL Signals.
Head and Shoulders !!!


Note: An irregular wave 3]1)1.1:b is unlikely .

 

I think the "B" wave is much clearer on the Russell 2000 (RUT). After this consolidation, I am expecting a pretty strong "C" wave from all the "pent-up" frustration of going nowhere......

RUT 90min

 

Can be counted as a running triangle Wave 3]1)1.1:2 now .

 

Looks like Mr.Market would like to go UP .

 

The wave count is still indeterminate .

 

Two months after Gold touched $1220, Gold went DOWN as low as $1049 .
It is time to cover the Gold short positions and begin to go long .
Wave I5]5) can go UP to $1400 .
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Posted by mu200411 on 11-28-09 09:38 AM:

From $1195 (near $1200), Gold began the journey DOWN to $1040 as scheduled .
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Quote from mu200411:11-25-09 10:30 PM

Gold$1183! Fifth subwave of fifth subwave of fifth wave .
Double measured move and round number near $1200 .
A good level to begin SHORT positions .
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We reach half a million views on the Presidents Day .
Oil may be ready to go UP as Primary Wave 3] .

 

Congratulations Mu! Yet another major milestone reached!

Gong Xi Fa Cai!

ESH0 60min

 

Everythings are going UP as expected .