Subscribe Now

Friday, July 31, 2009

USD Update

The rally portrayed here I thought it may had been the bottom already, but the fact that the small rally is coming down leaving 3 waves behind makes me think it hasn't bottomed yet.

From the look of it, it seems it's only wave 2 of 5 so we may have to endure a bit more on both EURUSD and S&P500

All relationships are in the graph, so the target is 74.47 on the index, which fits better, since all projections from the bigger degree waves AND the small degree waves point to that area...

Thursday, July 30, 2009

Target achieved

Well not really. Still short of 3 points ahahah...

I called for a 50-70% rally back in late February, so do the math 997/666 = 49,69% return... 

Now it's time to be cautious.... a turn for good is around the corner, a turn that will put S&P towards 350-400 points...

Bottom already?

Silver was flawless... it looks it may have topped as per my last post... It reached the red box and from there it plunged remarkably... we are now sitting at the $13.15 mark.

As for USD it seems we may have bottomed I already said 5th wave could've truncated. The thing is the continuous contract on DXY didn't make a new low, but the contracts for September did indeed make a new low, so this validates it... Also the rally today makes it very hard that to be wave 4 of final 5th. It is just too big and its structure looks indeed it has 5 waves and not 3, as it would be required if that were to be a wave 4.

Wednesday, July 22, 2009


USD is in a bottoming phase... from the graph I expect a low around 75.xx's for DXU. After which either a bull market in US Dollar starts (in case it's wave 3) or a big rebound that should take us to relative highs.

Regardless we can expect a very large move... under this scenario, mid term EURUSD would go below 1.20

Silver is the same thing... but opportunity is on the short side.

The graph is not updated but we are now most likely under wave b of W2. The target area for a probable top is around the 14.40$ area in which shorting there is a good idea since the preceding wave will be a 3, so we'll want to be in... Ultimately silver should drop to under 8$ an ounce.

Monday, July 6, 2009

Thursday, July 2, 2009

Live Economic Calendar Powered by the Forex Trading Portal
Disclaimer: The information provided on this website, while timely, colorful, and accurate, is not to be taken as financial, legal, tax, psychological or any type of advise. The purpose of this website is to track the progressions of human herd psychology as it is reflected through several financial markets. Any commentary on this page, however useful it may be, is used for illustration, and to inspire thought provoking discussion, and not to be taken as specific trade recommendations. We are not endorsing any site or service, nor are we promoting choice examples as real-life trades. If it sounds sarcastic, it probably is and if it offends you, just don't read it. There are tremendous inherent risks in attempting to trade any market using any vehicle, particularly if it is leverage. Please contact your broker to explain all risks involved in the vehicle you will be trading and any questions you may have.

Back to TOP