Thanks EZ. The first of the year is an attractive target as well. What we could have in that situation is where the SP500(equity market example) corrects in it's B wave of the final double zigzag, at which time the dollar bottoms and start's it's Wave 1 up. While the dollar's correcting in it's Wave 2, the SP500 goes on to make a new high to complete Wave C of Z, meanwhile the dollar fails to take out it's Wave 1 bottom, thus creating a nice intermarket divergence and an end to this madness. Time will tell.

The Saturday Speculator

That makes sense....or hopefully lots of dollars....

Its a sensible arguement you came up with.very likely scenario in my mind.
however,to further support your case,I think you should take one more thing into account and that is the number "666" you mentioned in your post.S&P dropped EXACTLY to this point.Why?

have you wondered why 666 and NOT 665 or 667 or less or more? coincidence?
if you google 666 you will discover stuff which explain that and you can conclude many many things.

666 is Sacred number,its Satan number,its unconscious number...
The Wall Street and The While House and the World run by the Vatican.
as I mentioned last week,they delayed the Stock market crash by manipulating the markets.this time crash's shape and its timing will be different.
they preciously have planned everything in advance.
and other related topic I was stuck with was that I think Elliott Wave Principle can also work by few indivisuals(small crowd)who have access to the BIG money to move the markets,(as long as they maintain their access to the big money).I think EW is about the quality of the crowd,NOT neccessarily the quantity of them!!! (its been a myth.did someone challenge Prechter on this??I'd like to know.)...few Goldmen Sachs and fat boys bankers can set a direction for the markets.easy!(atleast they did it for 6yrs,from 2002 to 08) then crowd of trend followers and the main crowd will follow their direction,therefor I think,the Elliott Wave patterns created and run by small crowd of people and Goldmen Sachss in our sociaties! in my mind,psychology and behavioral patterns of a small group of bankers and instituations with 80-90% of the market daily transaction CAN potentialy form the EW patterns, NOT neccassrily the mass with 10% of force and infelunce!! (I know this sounds abit bizzar but this hit me as an ephiphany over this weekend)...


here Dr. Van Tharp article below says Goldmen Sachs and th Elite have made billions and billions in almost all the stock market crashes since 1929)
here that article again:

How to Manipulate a Market

A fund manager from the USVI at the Peak 101 Workshop two weeks ago mentioned that trading for him is especially difficult right now because so many formerly reliable market factors and relationships simply don’t work anymore. The current S&P PE ratio “imbalance” mentioned earlier is but one example. In large part, I believe these effects arise from the government pouring money into the stock market through big money players, especially Goldman Sachs.

In a July feature article in Rolling Stone, Matt Taibbi suggested that Goldman Sachs has manipulated and profited handsomely from eight market bubbles since the Great Depression. These include the energy bubble of 2007-8 and the bailout bubble of 2008-9.

Reported elsewhere in July, a former programmer was accused of stealing some valuable software from Goldman Sachs. Interestingly, the Assistant U.S. Attorney on the case said, “The bank has raised the possibility that there is a danger that somebody who knew how to use this program could use it to manipulate markets in unfair ways.” (emphasis mine).

Here, though, is the best part according to the assistant U.S. Attorney: The proprietary code lets the firm do “sophisticated, high-speed and high-volume trades on various stock and commodities markets,” prosecutors said in court papers. The trades generate “many millions of dollars” each year. (A Bloomberg article on the theft noted that in 2008 Goldman earned $2.3B. In millions, that would be two thousand, three hundred millions.)



YouTube - 666


Jay,I think you are pretty accurate on timing on the next spring.and that call resonates with my monthly USDCHF chart I posted a acouple of weeks ago,that the USD will make multi-decade low and there after,"the end" for the Dollar wont be that far.

S&P fall to 666: Everything preciously have been planned and IS under control...

have a good weekend guys.

you might find this interesting.watch toward the end of the clip.

YouTube - 2 Interpreting Media Neuro-linguistic programming or NLP


666 wiki

666 (number) - Wikipedia, the free encyclopedia

So are you saying Satan is driving the stock market? That makes sense...

Hi guys,

Here is my Gbp/Jpy Hourly elliott wave chart..

Bullish movement is expected..

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Follow my Elliott Wave Analysis at http://5waves.blogspot.com

I found this chart on the web. This chart from EWI suggests an expanded flat in the eurusd.

__________________
http://mywavez.blogspot.com/
http://www.mywavez.net

Hi guys,
I managed to get out of my long trade from last week with 20pips gain.
Here is the chart update.
There is H&S pattern on the chart with target below the Oct,7,09 low, which I think eventually would be taken out!
I am flat this pair for now.

Ed,

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Here is what i think is going on with EURGBP.
Decline below 0.8910 (wave 1) is short set up with immediate targets of:
1st tg@ 0.8830.
2nd tg@ 0.8730.

Ed,

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Here is the update for cable,
which goes well with my count on the EURGBP.
I expect a decline to 1.6450-1.65 before the rally starts.

Ed,

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Hey Ed,

Could you break down your 'c' of 'B' on a lower time frame? Thanks.

Edit: This is how I am seeing it at the moment.

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Hi Apipintime,

I don't know how Edward is counting that decline, but I count it as a simple five-wave move.

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Hey Justy,

Could you show a more detailed count of the area in the box?

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No I can't really show a more detailed count. Nobody can. If you look at a shorter-term time frame of that area, there is too much back and fill for anybody to really count that move. Any attempts to do so are nothing more than random guesses, and I try not to do that because it's too innacurate. In my opinion, random guessing takes the objectivity out of Elliott Wave and doesn't offer any 'edge' in determining future paths of the market.

That being said though, if you take a step back and look at the larger time frames, like a 60 minute or so, you can see the rough outline of a five-wave decline. Of course when the market is choppy like it is there, there is always more interpretations of what could be happening and it's anybodies guess. In those instances I just like to choose the simplest one.

How are you counting that decline?

Hi Jay

The a simple closing chart has a nice clean 5 wave pattern & some ratio' relationships...?

From the GBP thread the other day...