Ewj: elliott wave

GBP / USD count

 

This time it is different :eek: .
Technical SELL Signals will be sell signals no more .

 

One more push to current year high ... if turning down sharply from there, your sell signals will revive. =)

 

Shooting Star .
Make a wish .

 

5-3-5 DOWN must be an a-b-c .
Next must be a 1-2-3-4-5 UP .

 

The DOWN move looks corrective .

 

Technicals predict a 2-4% drop .
This may be the culprit .
http://money.cnn.com/2010/04/02/markets/stocks_tax_return/index.htm
Note: An ED and "S&P 500 vs Equity Put/Call Ratio 20-Day Moving Average"

 

USD/EUR is going UP to .78 because ....
Long-Term Rates Finally on Verge of Breaking Out
Getting Technical | MONDAY, MARCH 29, 2010
http://online.barrons.com/article/SB126983751462769195.html

 

$UTIL may the first to come DOWN.

 

It seems like the Market doesn't want to go DOWN .
Wave 3]1)2 might have ended as a running correction .
And we are going UP as Wave 3]1)3 to SPX 1300 .