Elliott Wave Analysis of DJIA, NDX, DAX, GOLD, OIL

Dow Jones Industrial Average

 

Although this week DJIA has break-out the tops, the uptrend is still in accordance with my two main Long-term scenarios, which consider the top of the year 2000 as the end of SuperCycle wave [III] ;

Preferred scenario; the SuperCycle wave [IV] is a WXY three wave pattern, where the wave W is over at the bottom in 2009, now we are in the Cycle wave X , and is developing the final intermediate wave (y) of primary wave [Y] .

First alternate scenario: the SuperCycle wave [IV] is an ABCDE expanding triangle, and now we are in wave Alt: D.

 

 

My preferred short-term view (on daily basis) is bullish and considers an impulse wave a of minor degree in progress; I think that intermediate wave (y) could be an abc zig-zag pattern.

  

NDX

It's always the worst of U.S. stock market index; the fault is obviously due to AAPL.
The uptrend pattern is unclear , the upward move seems weak.
(form Long-term view look at the post of Febraury 02)

DAX

A diagonal pattern is underway; we will soon see a top's test.
(for my Long-term view look at the post of Febraury 23)

GOLD

I've updated my preferred count; the bottom of intermediate (w) wave is in progress, and not yet reached.
(for my Long-term view look at the post of Febraury 23)

 

 

CRUDE OIL

 

The downtrend is still underway; we are close to completion of wave [1]

(for my Long-term view look at the post of Febraury 23)

 

 

 

 Have a great weekend!

 

ElwaveSurfer