Ewj: elliott wave

Wave 4]e)c.3 is shorter than Wave 4]e)c.1 .
Wave 4]e)c.5 should not be longer than Wave 4]e)c.3 .
A Daily Hammer or a Weekly Piercing should start from SPX 1270 or DOW 12000 .

 

Gold is approaching $1666 target .
Silver may be in Wave IVb]c)5 with some resistance near $42 and $44 .
$USD may be going DOWN to $68/67 or UP to $77.5 .

 

AUD/USD corrected from measured move .
May be going UP to 1.12 target soon .

 

Crude Oil is going UP as Wave V]V)I5]1)1.3 to $105 ,
or DOWN as Wave IV]IV)Cc]3) to $87 .

 

I think US$ will bounce back up on the debt ceiling deadline. And gold should fall at the same time. The coming Monday and Tuesday will be the days to watch.

 

We've got our fifth subwave of wave c near target .
After another two subwaves , :4 and :5, of the .5th sub-subwave there may be a real rebound from near target .

 

http://online.wsj.com/mdc/public/page/2_3022-mfgppl-moneyflow.html ........................................................................................supports your theory

 

Thanks ammo,
mu.

The end is near for Wave 4]e)c.5:4 .
Note:
Sometimes wave 5 does not show up :eek: .

 

Wave 4]e)c.5:5 turns out to be a wave 5 failure :eek: .

 

Dow rebounds from 12000 as expected .
Note reverse Head and Shoulder pattern.
Measured move target = 12200 .
There may be a Bullish Engulfing look-alike .