Elliott Wave Trading

What can I say? there are doubts?
From my count, I would like say that the 5th wave the C is possibly not finished. and we might be finding support at 0.8750, and going to an uptrend finishing the big C wave.

Thanks , things going to be complex correction . zigzag/complex may in time.
fontu

Summary

1. Long term outlook: Up
2. Medium Term Outlook: Down
3. Short Term Outlook: Sideways to Down
4. Medium Term Revision Point: Break above 21.31
5. Potential Medium Term Target: 8.45 and lower

http://www.thetradingsolutions.com/w...510silver2.bmp

Although the direction of the last week’s move was in keeping with our assessment presented in the last week’s report, the sell off during the last three days was almost too deep for continuing with our preferred scenario presented during the last week’s report. Even if not nullified by the price action during the week, yet it seems more likely that the coming days will see it being nullified, as the market breaks the December 30 low at 16.77. As a result, the alternative scenario presented in our last week’s report gets promoted to being our preferred scenario during this week.

As shown in the main image, the January 11, 2010 high at 18.89 seems to be in a position of wave 2, from where the prices have moved down in a move of which a three wave sub-division can almost clearly be pointed out. If this is correct then we are most likely looking at the iiird wave of either a ‘c’ or the first sub-wave of a 3rd wave in process. Keeping this outlook in perspective, we would expect a small pull back to start the week before we get to see a further sell off to around 16.25, to complete the vth sub-wave of wave ‘c’ or 3 down.

http://3.bp.blogspot.com/_yUazX16-In...1600/24jan.gif

Above are the continuation of my analysis for EURUSD for daily chart. In 16 Jan 2010, I predict that EURUSD was in Wave 1 formation. My entry strategy is Enter at the Low of the Friday Price (15/01/2010). As a result, the price move in favour and make a movement for 314 PIPS!! The latest Swing Low had been made later at 1.4022 (21/01/2010). I might say that EURUSD may in Wave 2 formation. Below are my EURUSD analysis for next week action.

Currency: EURUSD

Time Frame: Daily

Indicator Momentum: Bearish Oversold but nearly bullish crossover.

Pattern: Possible of Wave 2 of 5 Wave Impulsive Pattern

Price: Bullish Engulfing at Friday Candle (22/1/2010). Beware of false signal, market still very bearish. Price are moving to the Fibonacci 38%.

Entry Strategy 1: Trader may consider long after bullish crossover at the stochastic (Short Term Strategy especially on the smaller timeframe).

Entry Strategy 2: Wait for the completion of Wave 2 before considering short (Long term Strategy). Trader may consider the 22/1/2010 Low at 1.4022 to enter short.

Here's my daily chart of EURUSD. It sure looks wave B is done to me. All of the waves are accounted for. I have 1.3890ish as the start of wave 5 of C of B up. If we break that level, the reversal is official. However, we are looking for a 5 wave set down. We technically have that now. In my opinion, the reversal is in place.

Well, it pains me to post this count but I believe the DJIA (as well as the S&P500, Nasdaq and Russell2k) is headed into the abyss. Deflation has been with us for nearly 2 years and now it will truly take over. I see the DJIA heading way below 6,500. Last week's move down, I believe, is the start of that move.

Notice how this move up has been on diminishing volume. Also, notice how the last 3 trading days were on heavier volume. If the move up were in wave 3 we should see increasing volume. However, it's just the opposite.

You could make an argument that my count is incorrect. The chart could actually be a triple zigzag. I debated on how to count it. Either way, the outcome is the same. This move up is a correction and not a new bull market. 9,672 is the target for identifying the reversal. We get there and the top should remain in place.

Hi All,

I haven't been on FF for some time now, but thought I'd poke my head in to see what people were starting to think of the market(s).

RE: The DJIA I have to agree that we are moving into Wave 3 down which should see us drop WELL below the 6500 level. Before this deflationary depression (not recession) sees the DJIA to a firm bottom, I'm looking for it to hit 1000 or less, with the potential of it going down as low as 50...IF my understanding of the "big picture" is correct.

Personally, I'm heavily short the DJIA at 10,700 with more positions moving into play as the market drops lower.....

So what does all this mean from a Bullish/Bearish perspective? I'm LONG the USD/XXX pairs, and short Gold, Silver, and pretty much everything else until this process is complete sometime in 2012-2016 (by my figuring).

Can the FED fix/stop this? NO. I won't even be suprised if the FED doesn't exist by the end of this process...and there is no realistic way for the US to buy its way out of this hole either. For all intents and purposes the US is already bankrupt, and it would have to pay off approx 54 Trillion dollars of bad debt/credt just to get its head to water level.

So DEflation will continue, despite some still calling for hyperINflation. This is the perfect environment for Billionairs to become work-a-day Joes, and for work-a-day-Joes to become Billionairs if they understand what is happening and position themselves correctly for it.

Right or wrong, my money is already where my mouth is and will stay there.

Cheers to all.

Trade well, and be careful out there.

when to revaluate....all the count...
1.When u think market at the top/bottom..
all harden count need re-valuate with another termination.
fun,this is art....

1. Hesitation at the 38.2 fibonacci means that it will break that level. So Whatever wave 2 or 4 or etc you have its nullified, if you think its gonna reverse now. You will be quite surprised

2. A retracement to the 61.8 fibonacci will be observed. That is roughly 4263

3. It is a visitation to a former support >> Typical Behaviour.

4. Trendlines angle of attack is confirming a 61.8 retracement level.

5. Bottomline is that dont trade till we get to the midst of 4200

http://borneofxsabah.blogspot.com/

Some possibility on GU m30:

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Channel Patterns

http://borneofxsabah.blogspot.com/

AUDUSD

ernnnnmmm

http://borneofxsabah.blogspot.com/

just 2 cent opinion..counting is fun

maybe wave 3?

eur usd ew
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A possible alternate wave count for EU