Crude Oil forecast as of 10/27/2009

QMZ9 – Market is consolidating but Elliott continues showing “Zig-Zag” (ZZ) 3rd wave in the range of 73.29 – 102.46 between August 10th and October 6th .This wave can last until November 23rd before this specific combination would come invalid. Price wise, there is plenty of room to go.

Move down to low 70s will signal likely the finish of the current up wave.

QMContinues_091027_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 10/27/2009

Gold –  Elliott shows yet again that the “Zig-Zag”(ZZ) up is done and market is in the process of new wave down. We need a little longer and deeper correction, to get clearer picture, what is actually going on.

GOLD5_091027_Blog

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

British Pound forecast as of 10/27/2009

GBPUSD –Elliott shows that market finished “Zig-Zag” (ZZ) 2nd wave and is in the process of  ZZ 3rd wave in the range of 1.7036 – 1.9617 between December 1st and May 11th .

Market move below recent lows means that ZZ 2nd wave is not complete after all.

GBPUSD5_091027_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 10/27/2009

EURUSD – Although market dropped,  Elliott is still showing  “Double Zig-Zag” (DZ) 3rd wave in the range of 1.5496 – 1.5909 between September 2nd and October 26th .

Continuous move down will most likely trigger a forecast where DZ is done and new wave down has started but until such confirmation, there is no such certainty.

EURUSD5_091027_Blog

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 10/19/2009

QMX9 – Market continued moving up and Elliott continues showing “Zig-Zag” (ZZ) 3rd wave in the range of 73.29 – 102.46 between August 10th and October 6th .This wave can last until November 23rd before this specific combination would come invalid. Price wise, there is plenty room to go.

QMContinues_091019_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 10/19/2009

Gold –  Elliott shows yet again that the “Zig-Zag”(ZZ) up is not done and is in the process of 3rd wave in the  range of  984.70 – 1086.46 between  September 14th and December 24th.

Market needs to move below 1020.00 to have any confidence of calling the end of the up move.

GOLD5_091019_Blog

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

British Pound forecast as of 10/19/2009

GBPUSD –Elliott shows that market finished “Zig-Zag” (ZZ) 2nd wave and is in the process of  ZZ 3rd wave in the range of 1.7036 – 1.9617 between December 1st and May 11th .

Market move below recent lows means that ZZ 2nd wave is not complete after all.

GBPUSD5_091019_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 10/19/2009

EURUSD – Market continued to move up, so Elliott is still showing  “Double Zig-Zag” (DZ) 3rd wave in the range of 1.5496 – 1.5909 between September 2nd and October 26th .

Market has quite a bit more to go to reach DZ likely price range but is very much in the “Zig-Zag” 3rd wave likely time and price area. Market move below 1.4500 will mean the up move is over for a while and new longer-term wave down has started.

EURUSD5_091019_Blog

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 10/13/2009

QMX9 – Market moved a little bit above the recent trading range. This might mean that finally the “Zig-Zag” (ZZ) 3rd wave in the range of 73.29 – 102.46 between August 10th and October 6th will be finished.

QMContinues_091013_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 10/13/2009

Gold –  Market continuous move up has changed the forecast slightly and Elliott shows yet again that the “Zig-Zag”(ZZ) up is not done and is in the process of 3rd wave in the  range of  984.70 – 1086.46 between  September 14th and December 24th.

Market needs to move below 1020.00 to have any confidence of calling the end of the up move.

GOLD5_091013_Blog

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

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