Ewj: elliott wave

Oops ! :eek: SPX - 24.96
Looks like an Evening Star
just below the DMA 200 which is a strong resistance.
MACD and RSI turn DOWN.
Next week there may be a BEAR Trap as expected .

 

Oops!!! INDU -323.31 SPX -37.95 NASDAQ -83.86 :eek: .
Crossing the red line is SELL Signal for wave five DOWN.
Is this a BEAR Trap ,
or just the beginning of another 50% drop ???

 

EUR/USD is on its way to go to 1.14 .
USD/EUR to .85 .
Euro plummets below $1.20
....The euro slipped as much as 1.6% against the dollar to $1.19721, a fresh four-year low for Europe's shared currency.
...."It's a pretty big line in the sand, and you don't want to cross it," Streible said. He expects that if the euro were to close the day below $1.20 it would trigger a sell-off into the $1.17 to $1.18 range.
http://money.cnn.com/2010/06/04/markets/dollar/index.htm

 

EUR/USD 1.1880 .
USD/EUR 0.842 .

 

Guys what do you think of this short term Elliott Wave Analysis for the FTSE and Dow.

Here are 2 video links for youtube:

http://www.youtube.com/watch?v=POZ85l1AQg4

http://www.youtube.com/watch?v=-2_tiEQbwr4


I have been using Elliott Wave for about a year now...
still learning as I go along really.

I do not agree with Prechter's count, for me the Low of March 2008 was not a wave "1" but a wave "A"...

if anyone is interested I could provide a concincing chart


let me know what you think.

PS: the youtube videos are mine, but I am not advertising any service or anything of that matter.

 

Down Another Day: The end is near, ...
Next lower low may be a BEAR Trap .
Or there may be no lower low .

 

Andronichuk,
DJI 10-years BEAR Market in irregular Wave V]IV).
FTSE 10-years BEAR Market in irregular Wave V]IV) type II (short c-wave).
NIKKEI 20-years BEAR Market in zigzag Wave V]IV) with AB-base.
All in Wave V]V)I2] now .
mu.

 

Wave V]V)I2] might have ended,
or there may still be one more test .

 

Wave V]V)I3] might have begun .
We've got our BEAR Trap .
"W" pattern, if confirmed, i.e., DMA200@1107 and the neckline crossed UP, signals a jump.
There may be a sHs pattern ahead at 1148, with DMA 50 as resistance .
If this sHs confirmed, Wave 2]c) may end at 970 .
If "W" pattern failed, Wave 2]c) may end at 930 :eek: .

 

SPX may be going UP to test DMA200 again, around 1110 .
See what happens then .