Ewj: elliott wave

Silver reaches $37.7 as expected .

 

Multiple measured moves end near round number @ $40 .
There may be some correction from here .
The problem is next wave will be
Wave V]V)IVb]c)5.5 which may end near $27 or
Wave V]V)V1]1)5.5 which may end near $36 .

 

Crude Oil may be in Wave V]V)I5] or Wave V]IV)Cc] confused.
Wave V]V)I5] should go above $115 .
Wave V]IV)Cc] should go below $89 .

 

Indices rebound from sloping DOWN MA(50) .
SPX's, TRAN's and UTIL's MACD give SELL Signal .
Can confirmed small Head and Shoulder pattern predicts confirmation of large Head and Shoulder pattern .
Note: Equity Put/Call R20 on the low side @ 0.92 :eek: .

 

Both EUR and USD are DOWN :eek: .
Everything else UP .
Note: Gold and Silver near targets, $1600 and $40 .

 

some one please end this thread and do all the traders using elliott wave a favour

 

I must apologize for the Last EWJ's Victim for wasting those precious 4 seconds of his or her life .
Hope he or she never repeats this misadventure again .
I must also apologize for the 906669*4 seconds or so of those traders using Elliott Wave .
As a matter of fact, this thread is followed by only 7 of the 6 billions people who loaded the last attachment .
No big deal
No need to go to the Hague (ICJ or ICC) .

BTW, note Evening Star look-alike in TRAN's weekly chart :eek: ,
and the series of divergences in RSI and MACD and SELL Signal in MACD :eek: .
These signals may be right one day .

TIP:
After an Index falls 50% then rises for more than a year,
we can safely label it as a primary wave 1] or a].
A 10 - 20% drop that follows can be labelled as a primary wave 2] or b].
A higher high after one year or more without a lower low in between can be labelled as a primary wave 3] or c] .
A higher high after one year or more without invasion of the primary wave 1] should be a primary wave 5].
A lower low than the 50% fall should be a cycle wave III or V or C .

 

Using the TIP above, Gold should be in Primary Wave 5] .
We can subdivide Primary Wave 5] down to Intermediate Wave 5), Minor Wave 5 and Minute Wave .3 .
There are two more Minute Waves .4 and .5 to go .
Using Rule of Wave Equality or measured move,
Minute Waves 5]5)5.5 should end near $1600 or $1666 if it does not extend again .

 

Silver's weekly chart:
Primary Wave 1] UP to $55 or
Primary Wave c] DOWN to $26 .

 

Gold and Silver have reached $1600 and $40 targets .
What's next ?