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An interesting day in that the "turn down" in precious metals, crude oil and indexes all coincided with a continuation of a possible turn up in the dollar that began on Monday. As you know I've been pounding the table on the "all-in-one" concept whereas as the dollar goes, your investment is...

In my week in review I stated that my position was "slightly bullish due to the triangle breakout following the period of low volatility (see 20-min. chart). Absence of any 5 waves down from 1186.25, I must favor the upside". After an inspiring positive open the market fizzled into the close. I...

Gold

USD

The ES_F made very little upward progress for the week. The major theme continues to be the relationship between the USD, cocommodities and indices. Therefore I will not be reiterating previous commentary. Rather, I will provide the weekly charts of the Dollar, Gold and the S&P in a multi page...

The same can be said for the ES_F. One can argue that the decline from 1182. 25 is a three wave structure and that today's wave pattern is tracing up in an impulsive manner or that the structure was corrective. Odds are that it is impulsive as the current decline from 1179.25 looks corrective...

Last time we spoke, I mentioned that we could see a further rally in the USD. Indeed we did. However, looking at the 60- min. chart through today a bearish and bullish case can be made. I've attached a chart of the bullish interpretation. Should the bearish case prevail, a new low will occur.

HAS THE DOLLAR TURNED? Today I was looking for some weakness off the open with respect to the USD. What transpired was a further subdivision upward to complete w.i, followed by what I expected... a w.ii decline. At the close, price appeared to bounce again suggesting that tomorrow...

Final chart for SPX

Turning my attention to the ES_F market, there is an absence of 5 waves down. Therefore I must consider that price will reach a new high consistent with my down, up analysis made on Oct. 11, 2010. I have included two charts that show what I am looking for and what would signal that wave.2 top is...

Here's another chart of the Dollar.

The USD continues to be the focus whereas a bottom of W.2 may have been struck on Friday at 9:00 am est. Looking at the following charts we can see support buying coming into the market on volume at the previous w.ii circle. Furthermore, this aligns well with the commentary that I made in late...

I continue to watch the USD Index in anticipation for a turn that will undermine the current rally in equities and commodities. So far the index has held above the low established on 10/11/2010 but most recently the Index can't seem to put together any sustainable follow through. Today's...

Turning my attention to the ES_F market, the following market position as of the close is: Momentum: Remains OB on weekly and daily time frames. No turn down. Pattern: Ending diagonal of wave.c of W-X-Y pattern Time: No change from previous comment, "The weekly chart level, H-H time...

Holiday markets are always slow and it's hard to gain much insight from them. I continue to monitor the USD trade like a hawk. Sunday night, the dollar gapped down and price has since filled the gap in today's trade. There's support just below the market at 76.7 that should limit any further...

The e-mini S&P continues to march forward even as several indicators suggest that a top is immanent. While indicators can assist in building the bearish case, price ultimately will tell me when the market has truly made it's turn. Currently the market is within a few points from wave. 4 (red) of...

Dr. C - I usually don't comment on other thread author's posts but why close a short with a big loss then turn around and short the market again within 1 point. What market dynamics changed since you booked that loss? I also noticed that you are very news driven. Is this your trading style?

In my daily commentary from Monday, I stated that if a larger degree w.3 was unfolding, then price MUST break through the bottom channel trendline in an impulsive manner. Conversely, a break of the upper channel line and a close above 1144 would indicate that the decline from 1153.5 was just...

In my weekly wrap up I presented a case for a bearish turn... the completion of W. 2. Moving forward I will be using a similar format so that everyone can see how I combine 4 factors to locate a possible trading opportunity and make a trading decision. I hope everyone finds this helpful and I'd...