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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 already...as 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

Opportunities

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


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