Ewj: elliott wave

Gold: When wave-5s ended, we look for supports in wave-4s .
Wave V]V)III5]5)5.4 = 1511.40 (voided) .
Wave V]V)III5]5)4 = 1462.50 .
Wave V]V)III5]4) = 1307.70 .
Wave V]V)III4] = 1044.50 .

 

Silver: When wave-5s ended, we look for supports in wave-4s .
Wave V]V)III5]5)4 = $44.61 (voided) .
Wave V]V)III5]4) = $26.30 .
Measured move target = $25.50 .
Wave V]V)III4] = $14.65 .

 

Crude Oil: Speculators still fight .

 

US Dollar Index:
Wedge target = 76.60 then DOWN to 69.60 :eek: .
Running Correction target = 78.60 then UP to 88.60 .

 

When the Market rebounds from support, if the wave count is "five waves UP three waves DOWN" we know there will be another five waves UP.
When the count is unclear Elliott-wavers waver and can not tell whether the Market is going UP or DOWN .

Aviation biofuel target 'risks food price rises'
22nd June 2011 | from FoE
http://oneworldgroup.org/2011/06/22/aviation-biofuel-target-risks-food-price-rises/

KLM switches to cooking oil as it pushes biofuel plans forward
Europe | June 24th, 2011
http://www.terminalu.com/travel-new...oil-as-it-pushes-biofuel-plans-forward/11241/

Record Food Prices Linked to Biofuels
Page added on June 21, 2011
http://peakoil.com/consumption/record-food-prices-linked-to-biofuels/

Oil^ > Biofuel^ > Food^ > Arab Spring > Oil v > Biofuel v > Food v > Arab Winter.

 

Five waves DOWN then five waves UP .
There may be another five waves UP .
Note:
Gold DOWN another $10.
Silver DOWN another $1.
Crude Oil test $90 again.

 

EUR/USD, Brent, Silver:
Next wave will be "fifth wave at measured move" :eek: .
Then what ?
Gold may be "fifth wave at 0.618*measured move" .

 

NASDAQ was the first to confirm Bullish Count .
Target may be a measured move UP @ 2742 or May 25's Low @ 2739 .
Note: Reverse Head and Shoulder pattern .

 

Two 5-waves can be followed by the fifth-wave 5-waves or the c-wave 5-waves.
Gold and Silver can go DOWN another measured move :eek: .
EUR/USD can go UP another measured move if this is 1-2-3-4-5 ,
but DOWN another measured move if this a double zigzag .

 

Super Bull Market coming .
U.S. Stock Futures
Data as of 6:26am ET
Dow UP +11,856.10/+9888.32% :eek: .
http://money.cnn.com/data/premarket/