Something isn't right about this decline in USDJPY.

I think the decline from August to November in 3 waves is a huge A wave.

I think the rise in December is an A wave in a bigger B wave.

The current decline is really hard to read. A lot of pieces are missing in the puzzle, but there has also been no real retracement. When there are retraces of less than 38.2% it usually means we're in double/triple zigzags.

We should see a C up to complete a bigger C wave. So I'm expecting 5 waves up from here. Especially considering that the Feds are going to cut interest rates by probably 50bp.


Also, in the extremely long term and bigger degrees: This triangle did not retrace 38.2% of 3. This could mean that the whole triangle is B.

This might end up kind of like last year. January rally (C of B), End of February incredible decline (the whole C wave). Then possibly a rally that lasts through the year and next year...followed by a real impulsive crash in 2009-2010.

EDIT: I'll have charts up for later today. Sorry I haven't been around guys. Going through A LOT of problems.

Jamie, Im not taking it personally at all. Your are mistaken there. I have tremendous respect for your work. I just feel that before you declare a count, you have to eliminate all possibilities first. And I dont feel the possibility of a hge dollar rally should be discounted thats all. Im not saying the big wave C down that I expect will fall below wave A extreme. It could be an running flat. Who knows. Im just say that the dollar is due for a rally and my count makes the most sense to me. Your count seems a little odd to me thats all. We've both been right before...we've both been wrong before so this case is no different in my opinon. The dollar will rally becasue as the markets begin to crash as they are doing now, people will run to cash cause its what the need to survive. I don't think you could buy a loaf of bread with gold...not yet at least. Cash will be king for a while. I guess Well have to agree to disagree on this one.

Hey Italm. I'm seeing a huge dollar rally as well. It's pretty shocking and kind of hard to wrap my head around.

it already started , its already in the News
mostly in high society section of California and in Major Corporations
and even the American Supermodels are demanding getting paid in Euro's
and don't forget
the Oil Cartels of the world , who would also like to get paid in Euros

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Its being spoke of and
also been the topic of a few TV talk shows

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any way ,
Don't miss the point here
which is your US Dollar chart is pointing to a US Recession.... !

Why not comment on this ?

DO YOU WANT TO SEE A RECESSION HERE IN THE U.S. ? .......
(Just listen to you reaction already about US citizens getting paid in Euro's )

Freaky ,isnt It ?
Just think when more people wake up and find out they can get paid more with Euro 's
then will the British Pound join the united Euro Effort ?

That will be the day that the Pound joins up with the Euro, huh
another major Us Dollar dip like you are saying will be devastating
and dont forget we are in an election year .......

a Dipping Dollar in a Election Year ?
- Doesnt that sound like _&*^#$

Things will change ..........Starting with Big Business

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I know your argument about the fleeing to cash....EWI has been harping on this for years and I agree with it..but is a super long term outlook. Until I get confirmation of a rally (5 waves..at least on an hourly)...I see no reason to try and pick the top of the EURUSD.

The US dollar has gone up and down during times of recessions and booms...there is no correlation

Enough of all this theory stuff...let's get back to trading. Here is a possible count for the EURUSD that all should be aware of. An expanded flat as part of wave 2 of a larger 5th. If this is correct, then price will come under 1.4569 and likely test 1.4500 in the next 2 weeks.

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Ok ,
what's going on with your Usd/ Yen ( short term ) charts from yesterday

Got an update chart ? ..................thanx in advance
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Hi there Dude

You said you would be back to post a chart .....
i waited and waited

being lazy is ok , keeping your word is all that matters

i thought you were part of our litlle growing group here

Any way ,

You mind if I grab a beer from the fridge?

_____________________________
- Together everyone will succeed!!

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Nothing has changed....
http://www.dailyfx.com/story/dailyfx...458424955.html

Jamie ,
This is your Usd/Yen ( short term ) chart from yesterday post # 2461
http://www.learncurrencytrading.com/...13880&page=165

What's going on here today ? ................. Thanx again

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The pattern is not clear to me so my answer from an analysis perspective is that there is no answer. It makes no sense to force a count. From a trading perspective, it makes sense to maintain a bullish bias as long as price is above 107.20

The ones that work there...

I see what your getting excited about in the usd/cad Market :P

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Agreed! (The part about keeping your word) The count Jamie just posted on the EUR/USD is the exact track I have been talking about and not posting a chart on, choosing to drink instead. ;-) I shared the count early on, just no visual aid. I'll do so next time.

I seem to be having trouble with my computer now. I can't seem to stop drooling on the keyboard looking at that picture!!