Crude Oil forecast as of 03/31/2009

QMJ9 – Elliott shows that market is in the process of “Zig-Zag” (ZZ) 3rd wave below 23.64 between May 21st and October 19th .
Market move above 55.00 signals that ZZ 2nd wave is still not complete.

qmcontinues-090331_blog

Zig-Zag is a three wave pattern, where 1st and 3nd wave is Impulse and the 2nd wave is corrective in nature.

Gold forecast as of 03/31/2009

Gold – Elliott shows that market is in the process of “Flat” (FL) 3rd wave in the range of 423.49 – 727.89 between May 13th and October 12th.
Market move above 1000 signals that FL 2nd wave is not done yet.

gold5-090331_blog

Flat is a three wave pattern, where 1st and 2nd wave are corrective in nature and 3rd, the last wave, impulsive in nature.

British Pound forecast as of 03/31/2009

GBPUSD – Elliott shows that market is in the process Zig-Zag (ZZ) 3nd wave in the range of 0.9983 – 1.2810 between May 12th and September 16th . Market move above 1.50 makes it more likely that the ZZ 2nd wave up is not done.

gbpusd5-090331_blog

Zig-Zag is a three wave pattern, where 1st and 3nd wave is Impulse and the 2nd wave is corrective in nature.

Euro forecast as of 03/31/2009

EURUSD – Elliott shows that market is in the process of “Impulse” 3rd wave in the range of 0.9018 – 1.1473 between April 16th and June 15th. If market moves above 1.40, it is possible that the longer term ZZ is done and new, longer term wave up has started.

eurusd5-090331_blog

Impulse is a five wave pattern, where three waves (#1,3,5) are impulsive in nature and two waves (# 2,4) are corrective in nature.

Crude Oil forecast as of 03/24/2009

QMJ9 – Elliott shows that market is in the process of “Zig-Zag” (ZZ) 2nd wave in the range of 56.47 – 91.70 but more likely in the D3 3rd wave range (45.39 – 63.91) by April 28th.
Market move below 34.00 signals that ZZ 2nd wave might be finally complete and 3rd wave down has started.

qmcontinues-090324_blog

Zig-Zag is a three wave pattern, where 1st and 3nd wave is Impulse and the 2nd wave is corrective in nature.

Gold forecast as of 03/24/2009

Gold – Elliott shows that market is in the process of “Flat” (FL) 3rd wave in the range of 423.49 – 727.89 between May 12th and October 12th.
Market move above 1000 signals that FL 2nd wave is not done yet.

gold5-090324_blog

Flat is a three wave pattern, where 1st and 2nd wave are corrective in nature and 3rd, the last wave, impulsive in nature.

British Pound forecast as of 03/24/2009

GBPUSD – Elliott shows that market is in the process Zig-Zag (ZZ) 2nd wave in the range of 1.4963 – 1.7223 between February 24th and June 3rd . Market move below recent lows makes it more likely that market is doing ZZ 3rd wave down.

gbpusd5-090324_blog

Zig-Zag is a three wave pattern, where 1st and 3nd wave is Impulse and the 2nd wave is corrective in nature.

Euro forecast as of 03/24/2009

EURUSD – Elliott is showing completed Impulse. This could be the completed ZZ 3rd wave or just the 1st wave of the 3rd wave. If latter is the case, then market is in its price 1.2951 – 1.3720 and time March 16th – April 22nd range. Market move above 1.45 signals that ZZ is done and longer term up wave has started.

eurusd5-090324_blog

Impulse is a five wave pattern, where three waves (#1,3,5) are impulsive in nature and two waves (# 2,4) are corrective in nature.

Crude Oil forecast as of 03/17/2009

QMJ9 – Elliott shows that market is in the process of “Zig-Zag” (ZZ) 2nd wave in the range of 56.47 – 91.70 but more likely in the D3 3rd wave range (45.39 – 63.91) by April 27th.
Market move below 34.00 signals that ZZ 2nd wave might be finally complete and 3rd wave down has started.

qmcontinues-090317_blog

Zig-Zag is a three wave pattern, where 1st and 3nd wave is Impulse and the 2nd wave is corrective in nature.

Gold forecast as of 03/17/2009

Gold – Elliott shows that market is in the process of “Flat” (FL) 3rd wave in the range of 423.49 – 727.89 between May 12th and October 9th.
Market move above 1000 signals that FL 2nd wave is not done yet.

gold5-090317_blog

Flat is a three wave pattern, where 1st and 2nd wave are corrective in nature and 3rd, the last wave, impulsive in nature.

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