DAX-Elliott wave update

       Well, the picture doesn't seem as bearish as all the bears wish (short term I am bear too).
The chart below shows my primary count, which was relabeled a little. I am just trying to fit the labels to one incomplete (to me) pattern. At other hand on daily time frame the market tries to produce reversal candle from todays low (6023). One more reason, which makes me feel little confused is the full moon cycle. According to the moon calendar today 28/4/10  is the full moon. According to my 14 months research about the connection between the moon and the stock market reminds me that todays moon influence could kick off the  market (indexes) higher. That is a fact every time, when the full moon occurs .The chart's look confuses even me. Next time I promise neater charts looking.

DAX - Elliott wave update

  DAX didn't get support in last few days heights.STOXX50, AEX, FTSE100 etc. denied to follow their European brother. That usually means trend change or correction in the current time frame. According to the wave count (5)th wave is not complete yet. Most acceptable price level for reverse looks around 6480 level. 

SPX 500 -Very close to the top

NICE AH ???

Gold - Elliott Wave Update - Shine Time

              By the yesterdays closing price, the spot gold produced reversed candle and confirmed its $1123.60 low. That was very close to the low $1120 I expected in my last post . The resistance at $1145.80 is broken already.  
              Thus I have to prepare for the next target at $1208. 

Meantime the US indexes are ready for new high.

Disastrous eruptions

         Volcanic eruptions, the Goldman Sachs scandal and the Google figures – what else guys?  Which accident  is not quoted to give reasons for a sell off and to oracle the new system crash. It’s amusing to see the whole media pack panting behind thousands of reasons for tops or bottoms.

This is a new bull market, not bear market correction, this time is different- says the media…...No way..... That was really fundamental.

         The real reason is that S&P 500 reached its first preferred exhaustion target (1215) last week, causing thus a violent counter reaction. That was due to the Fibonacci sequence, Wave count ant Gann timing angles. That rise is based on the supposition that the financial markets as well as our lives, our decisions, simply our entire environment go through cycles which can be determined in advance - the same old story….

        Let's take a snapshot at EUR/USD picture. According to the current wave count the pair has made very clear five waves dip. As most of the EW followers know we need to reckon on corrective pull back, testing one or few of the main Fibonacci levels on the chart below.

       Again,  the EURO guess takes off for a while. What will the fundamentals say about this? Due to the disastrous picture? What's the sense?