MACD's BUY&SELL Signal is 50% right :eek: . Crude Oil DOWN & US Dollar Index UP as expected , but Gold & Silver still defy gravity .
The "Morning Stars' pre-emptive BUY Signals" turns out to be another BULL Trap . Note: There are no MACD BUY Signals. This may be Wave V]V)I4]c)4.c . There may one or two more BULL Traps to go before all indices reach their supports @ MA(200), March 14's low, sHs-equal-arms, etc. :eek: .
Dow's chart shows interesting Fibonacci relationships . Wave 4]b) = 1.618*Wave 4]a), Wave 4]c) so far = 1.236*Wave 4]a) . Wave 4]b)a = Wave 4]b)c = Wave 4]a), Wave 4]b)b = .382*Wave 4]a) . Wave 4]c)1 = Wave 4]c)3 = .618*Wave 4]a) . Wave 4]c)4 or Wave 4]c)5 so far = .382*Wave 4]a) . Mr. Market specializes in making people part with their money. After choppy Wave 4]c)1 Mr. Market makes Wave 4]c)4 or Wave 4]c)5 an Expanding Triangle where BULLs and BEARs lose money alternatively :eek: . If there is one more Wave 4]c)5, this should be smaller than or equal to Wave 4]c)3 which may bring Wave 4]c) to Wave 4]a) low or 11550 . Break below this may be a false break . If Wave 4]c)5 had endded, Dow may be going to above Wave 4]b) high .
INDU's and TRAN's charts showed Running Correction, with RSI BUY Signals. MACD may show BUY Signal in a few days . The problem is sometimes MACD's BUY Signal coincides with rebound top . SPX's chart showed Flat Correction. SPX rebounded from MA(200) at 1256 inside the target range of 1250-1260 . NASDAQ, DOWN to 2599.86, broke below MA(200) and March 16's low support, and target range 2603.50-2630 . Now we have to consider the "Big M" pattern :eek: . This may be a Flase Break .
Crude Oil Wave Ca]3 breakout of Triangular Wave Ca]2 as impulsive 5-waves to as low as $91.84 . The Saudis may have their way with $70-$80 Crude Oil :eek: .
One more measured move UP to $77 would be perfect for US Dollar Index . The problem is "Nothing is Perfect" .
INDU's, SPX's and TRAN's MACDs show BUY Signal on schedule . All indices have reach some resistances , There may be a pull back after four days rise as happened after Wave V]V)I4]b)2 . This may be Wave V]V)I5]1)1.2 with no lower low or Wave V]V)I4]c)5 with a lower low :eek: .