Ewj: elliott wave

INDU, TRAN and UTIL rebound from lower trendline of the Running Triangle .
SPX and NASDAQ rebound from front-loaded MA(200) .
The indices should move UP from here or after a brief false break .
Prolong breakdown of the Head and Shoulder Neckline would signify the beginning a Cycle Degree Bear Market or a 60% drop of the indices:eek:.
This may be a good day to hint QE3 .
Note: VIX reverses DOWN, stocks may reverse UP .

 

SELL Signals:
Gold's fifth wave is forming an Ending Diagonal.
RSI cuts 70% line DOWN for the third time.
MACD line is flattening.
Silver's fifth subwave of fifth wave of wave c.
RSI DOWN from 70% after divergence.
MACD is about to cut trigger line DOWN.
Crude Oil's MACD has cut trigger line DOWN.
BUY Signal: .
US Dollar Index's RSI and MACD rising.

 

Wave 5 failure, fall short of target .
There should be another 5-wave UP to 1292 or 1300 .

 

The Markets did not unfold as my wave count predict :eek: .
No problem: My count is wrong, the Market is always right .
New counts, old measured moves still work .
SPX sits on the neckline ready to crash .
INDU breakdowns the neckline, now near measure move and .618*measured move, not yet crashes .
Elliott allowed some margin of error for the Market in case of blow off .
What next after the margin of error :eek: :eek:

 

Gold's parabolic move UP $34 within 24 hours :eek: .
Only $22 to $1666 target .
Some probablility to overshoot to round number $1700 .
Before "you know what" happens .

 

if C of abc has petered out....

then this down move is beginning an even bigger wave 3
where the 666 lows were the end of wave 1 and where the recent highs were the end of wave 2 abc

if that is true.... then massive down moves are coming....

 

Gold reaches target $1666.66 .

 

Gold's parabolic fifth wave at measured move .
What's next .

 

Silver retreats from near $42 target .

 

Crude Oil falls as expected .
Now at measured move .
Wave Cc]3)3 should extend, so Crude Oil may fall further .