Ewj: elliott wave

Crack market!

 

ending diagonal dow ?

 

USD, Gold and Crude Oil are going UP to targets .
INDU, SPX, NASDAQ may be going DOWN to targets .
Note: Greek Curve Pancakes, 6 Month GGB Approaches 7%
1) Failed auction for Greece
2) Euro drops to sub $1.30
3) EU effectively isolates Greece and takes it out of the EMU in practice if not in theory
4) Euro tumbles to $1.15
5) Bernanke realizes the implications of a surging dollar for the US trade balance, and reinstates QE, cranks up the printing presses, sending the dollar plunging and the euro surging back to the $1.40 level
http://www.zerohedge.com/article/greek-curve-pancakes-6-month-ggb-approaches-7

 

Head and Shoulders pattern .
5-3-5 can be a 1-2-3 or and a-b-c .
1-2-3-4-5's target will be equal to and coincide with sHs' target .
a-b-c count means a New High :eek: .

 

Five waves DOWN .
There may be another five waves DOWN to 1160 .

 

nice call mu

 

Thanks ammo,
mu.

DJI near 11,000, SPX 1200, NAZ100 2000 .
Wave count: Fifth subwave of fifth wave.

Here come the profit reports.
http://money.cnn.com/2010/04/09/markets/sunday_lookahead/index.htm
"Buy on rumour, sell on good news" .

Stocks set for rosy start .
http://money.cnn.com/2010/04/12/markets/premarkets/index.htm
Forget all the technical SELL Signals, they are useless .

 

This may be the last push UP .
Crossing the red lines = SELL Signals .

 

This may be a perfect time to begin opening short positions .

 

Everything is DOWN .
Why .