Ewj: elliott wave

i'm not glad.
that means we are probably both wrong.

 

The expected correction might have started :eek: .
Evening Star Candlestick pattern @ double measured moves.
Complete Elliott Wave count.
Daily RSI cut 70% line DOWN for the third time.
Weekly RSI cut 70% line DOWN.
MACD cut trigger line DOWN.

 

if we regain the highs and go above.... we are going 1360 minimum

probably much much higher

 

a wave count is complete only in hindsight.

a possible complete wave count... now that is a different story.

 

... now let's see what's what.... after this down day

 

So far so good.
It's a rare opportunity to see the market acted as expected.
Gold fell $100 :eek: .
The question is "Where are the supports?" .
The answer is "All the Wave4s, ie,
Wave .4 @ $1360 (crushed)
Wave 4 @ $1310 (crushed)
Wave 4) @ $1160 and
Wave 4] @ $666 .
Only 50% drop from the top.

 

Not sure whether this is the end of Wave IVb]c)3.5 or Wave IVb]c)5?
So Oil can go UP one more wave to $100 before
going DOWN to $60 .

 

market is falling apart !!!!

run for the hills

 

market will be at 666 by the end of the week

..on the other hand... 1360 is not far away now

--------------------------------------------
QUOTE]Quote from elovemer:
market is falling apart !!!!
run for the hills [/QUOTE]

 

http://just-charts.blogspot.com/ for those of you that can elliot wave, some info