Ewj: elliott wave

Gold 5 waves DOWN .
Crude Oil 5 waves UP .

 

Dollar Index down to measured move .
AUD/USD fifth wave UP to 1.085 .
Gold five waves DOWN, three waves UP .
Silver five waves DOWN 11%, three waves UP .
Buyers Beware: Silver Crashed 11% in 24 Hours
http://www.cnbc.com/id/42726288

 

Dollar Index down below measured move then rebounded :eek: .
AUD/USD fell from 10.85 as expected .
This may be another one-two fractal, so there may be another one-two UP to 1.090 .
Gold and Silver down moves look impulsive .
Crude Oil down too and may not reach $120 .

 

AUD/USD went UP to 1.090 as expected .
So Dollar Index went DOWN and
Gold, Silver and Crude Oil rallied .
This time Gold may go UP to $1600 and Crude Oil to $120 ,
before "Sell in May and go away" kicks in :eek: .
Note:
Retracement from AUD/USD 1.092 may be Wave 3]3)3.3:3iv where there may be a measured move UP to 1.099,
or Wave 3]3)3.3:3iii.ii where there may be another one-two fractal .
After the one-two fractal series ends we will see the three-four fractal series with bigger and bigger wave four .

 

"Sell in May and go away" may begin at psychological, round number barriers,
DOW 13000, SPX 1400 and NASDAQ 2900or3000 , or
measured move levels,
DOW 13000, SPX 1380, and NASDAQ 2920 .

 

AUD/USD may be going UP to 1.099

 

Bigger correction may be Wave 3]3)3.3:3 and Wave 3]3)3.3:4 .
Now we begin to see the three-four fractal series with bigger and bigger wave four .

 

A Three-Drive pattern?

 

AUD/USD approaching the targets .
Dollar Index fell below measured move, next support may be Double Bottom near 70 .

 

DJI, SPX, NASDAQ, Gold, Silver and Crude Oil approaching targets ,
around 1 - 3% above present levels .