Crude Oil forecast as of 04/28/2009

QMM9 – Not much has changed here either. Elliott shows that market is in the process of “Zig-Zag” (ZZ) 3rd wave below 23.64 between May 22nd and October 20th .
Market move above 55.00 signals that ZZ 2nd wave is still not complete.

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 04/28/2009

Gold – Not much has changed here. Elliott shows that market is in the process of “Flat” (FL) 3rd wave in the range of 423.49 – 727.89 between May 14th and October 13th.
Market move above 1000 signals that FL 2nd wave is not done yet.

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 04/28/2009

GBPUSD –Elliott shows still that market might be in the process Zig-Zag (ZZ) 3nd wave in the range of 0.9683 – 1.2939 between June 10th and November 3rd . Market move above 1.50 means, that ZZ 2nd wave up is not done.

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 04/28/2009

EURUSD –Elliott shows still that market is in the process of “Double Zig-Zag” (DZ) 3rd wave in the range of 0.8586 – 1.1433 most likely by May 11th but has until September to complete the move down.
Last wave, the Zig-Zag, still shows as completing its 2nd wave and this wave has until end of April to complete. Market move below 1.2500 makes it more likely that ZZ last wave done has started.

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

Crude Oil forecast as of 04/21/2009

QMJ9 – Not much has changed here either. Elliott shows that market is in the process of “Zig-Zag” (ZZ) 3rd wave below 23.64 between May 22nd and October 20th .
Market move above 55.00 signals that ZZ 2nd wave is still not complete.

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 04/21/2009

Gold – Not much has changed here. Elliott shows that market is in the process of “Flat” (FL) 3rd wave in the range of 423.49 – 727.89 between May 14th and October 13th.
Market move above 1000 signals that FL 2nd wave is not done yet.

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 04/21/2009

GBPUSD –Elliott shows that market might be finally in the process Zig-Zag (ZZ) 3nd wave in the range of 0.9683 – 1.2939 between June 10th and November 3rd . Market move above 1.50 means, that ZZ 2nd wave up is not done.

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 04/21/2009

EURUSD –Elliott shows that market is in the process of “Double Zig-Zag” (DZ) 3rd wave in the range of 0.8586 – 1.1433 most likely by May 11th but has until September to complete the move down.

Last wave, the Zig-Zag, still shows as completing its 2nd wave and this wave has until end of April to complete. Market move below 1.2500 makes it more likely that ZZ last wave done has started.

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

Crude Oil forecast as of 04/14/2009

QMJ9 – Elliott shows that market is in the process of “Zig-Zag” (ZZ) 3rd wave below 23.64 between May 22nd and October 20th.
Market move above 55.00 signals that ZZ 2nd wave is still not complete.

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 04/14/2009

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 13th.
Market move above 1000 signals that FL 2nd wave is not done yet.

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