Ewj: elliott wave

USD/CHF short-intermediate term uptrend?

 

I think you are right, it's gonna be the third wave in the nearest future.

 

Finally a correction.
Ten weeks UP should be followed by a 3-5 weeks DOWN.
This could be Wave V3]1)4 or Wave V2]c) .
The red lines are for SELL Signal.
The green line is of BUY Signal.

 

My chart seems to say if SPX continue to fall, it may see the bottom on Nov 23 or 24 and bounces back up from there.

 

There may be a measured move DOWN to 50DMA and Wave 1 top.

 

Gold has reached $1400 as expected long time ago .
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Posted by mu200411 on 05-13-10 11:19 AM:

Gold $1243
Gold $1300 and $1400 are within reached .
Can USD/EUR go UP to 0.82 .

 

There may be a measured move DOWN to top of Wave 1.
Wait and see if the support holds or the resistance breaks .

 

50DMA shows a strong support.
There may be a rebound as Wave 4.b:c then a measured move DOWN to 200DMA.
Or may be not .

 

S&P looks better today. Hoping for some more up days ahead.

 

.....