Hi Brad, USD/JPY has begun the move in your direction, do you feel it would take out the prior low and move towards 90... or it may get another bounce upwards before doing that?

It may bounce back toward 101.23 but I don't think it will be for long even if it does... This pair is COOKED !!!!!!! Hold short for the entire month of November and walk away with 1000+ PIPS ... Maybe a little longer but I doubt it... I think this pair is going to start rocketing to the down side soon.... Bears all aboard !

I see solid resistance at 103.40 which should contain any further attemp at a bullish rally...

Hi Brad, great! Thanks for your view! I am expecting a big drop in Dow somewhere around tomorrow or Friday and if that drop takes the Dow below 7000, we may see USD/JPY dropping like a rock soon, as you expect!

I expect most of the coming downward force to occour over the month of November... I don't think this month will get much lower than it already has... But maybe .. Ya never know..

For the Zeitgeist movie, hier the link to the whole thing.
Zeitgeist: Addendum

italm, i think a series of expanded flats is not the answer..
i think we may have to wait for a while before we see it drop.
but since you shorted so good, i suppose you dont mind holding it for some months..

Attached Thumbnails

 

My look at the Cable. I belive we are in a short wave (iv) of (v) of 5 down.

Attached Images

 

Tom Hougards comment for today:

22nd October 2008

Oh dear. This does not look good. A turn was due today, but it looks like it came early yesterday and have accelerated the downside, and on top of it, it is dragging lower currencies. We are set in an ugly crash pattern, and any move below 900 in the SP500 will accelerate the selling.

This could be an ugly day in Europe...

I will post some charts a little later in the session, around noon.

another thing is, looking at gbpusd, eurusd, usdjpy, they are all in wave iii of 3!! and one thing that bothers me, i actually expected a wave iv in the indexes, but it is really possible that this extends to another wave (iii)!!

Hey QSX,
Just curious. What makes you believe my scenario is incorrect. Did my count violate any rules? Why would your scenario be any more probable. Finally, why are you projecting 3 waves in advance when you dont know what shape this first wave down will present. Im only looking at what I see present tense but your looking way into the future. Thats a dangerous game my friend. Just my opinion. Good luck.

Well, I don't have a high mission on earth, not reading the bible whole day long, not attending "holy" sunday church and so on. I know god called every human being and I do what he called me for. Some call me moron because they are afraid of the truth. Yes, the amero is there in Wikipedia - I did not contribute anything to that article. I just found Hal Turner on YouTube. the fact is if you watched the videos on my suggested articles that a man reports to CNBC the AMERO that makes the reporter amazed because he never heard about that. Probably this guy who spoke out AMERO should not have done so, most probably he is out, or dead or captured by CIA. Concerning the theories that cares you and whom to believe. I'm a beleiver, but I'm a consequent thinker. I think logic matters. If you open your eyes and use your logic lots of theories and conspiracies fail. There are many out there and they are half or fully fake.

GREAT Call, QSX! It's flirting with 9850 now.

If only I'd have been on board for this one...,

I'll look for a place to hop on,

italm,
sorry, i did not want to offend you - and i suppose we are all open minded enough to not get offended.
first of all i see it highly unlikely to form two following expanded flats so quickly one after another; kind of the rule of alternation. second, remember when usdcad was at 1,08? or usdchf at 1,14? we were all looking for a top, and we were doing all kind of pattern aerobics, again with the expanded flat down. but hey, lets face it, this pattern in the eurgbp simply is a three wave move down. weather we like it, or not, it simply is three waves. that is why my assumption is that this should be a leading diagonal. now i have no idea under what angle it will form, but i prefer to wait for now - even if i miss the party. i am just pointing out that it could take some time.
and just watch where the usdchf and usdcad are now.. looks like there is no significant top forming with a expanded flat, or at least i dont remember one - could you search for one?
i had two type of tops scenarios for eurgbp, blow off, and forming a base. as it continuesly fails to fall as a rock, as both currencies are being liquidated around the board, i suppose the second is happening.
anyway, you might be right, and its your opinion, and your responsibility
cheers.


barnabas,
its great that you are so open minded, but i am wondering what you can achieve with your blog. i looked at it yesterday, its cool, but overall you are just posting foreign oppinions/videos. this is always the problem with those conspiracy theories - there is little you can do as a ordinary private person.
but congrats for finding yourself, and your higher purpose.
by the way, the "documentary" about the amero, the one you put here is a cut from the zeitgeist movie, i suppose you know it..

...thats my part of critical thinking.

No worries. I dont get offended when someone questions a count I posted as I do have an open mind. I never said your scenario was impossible. I just said that you provided a count WAY TOO EARLY. For now, it looks like an expanded flat. And the rule of alternation law, as you provided as a rebuttal has no bearing in this case. The rule of alternation applys to the same degree (weather a wave 2 and 4 OR A and C). Im talking about an expanded flat on 2 different degrees here. But I asked for some imput and your the only one that provided me with that so for that I thank you.

FYI On the count you provided, your wave 2 subdivides in 5 waves.

I follow the same count for AUDUSD. We will have lots of fun with this pair quite soon. My target is around 60, but it might extend lower.
Myself, I am flat this pair for now. But will short it soon, maybe before the weekend.

Attached Thumbnails

 

IMHO these "conspiracy theories" are not a conspiracy at all, it is just the way things go in politics. There is a whole world behind the curtain that you don't see but where everything happens.
But you have to check your facts and stay realistic. Zeitgeist had some truth to it but the worst lies are half truths.
Always ask yourself who is to benefit?
However, all these theories however nice they are, don't really help in setting my EW targets.