$USD update. We still have a ways to go.

It looks like we just finished 3 of iii of 3, we still have 4 of iii of 3 and 5 of iii of 3 to go to complete iii of 3. Target for iii of 3 should be about 89. (mid June)

Then after that, we need to do a 4 of iii and a 5 of iii, to complete wave 3. Target for 3 should be about 92. (Mid August)

Then a major correction for a 4 and finally a 5. Target for 5 should be about (95-100+) (early 2011 for 4 and a 5 by early summer 2011).

This should send the euro down to parity with the $USD and the SPX to sub 750 levels once we get there.

Unbelievable but the subdivisions are pretty clear so far. We ain't seen nothing yet.

http://stockcharts.com/h-sc/ui?s=$USD...amp;a=194797361


GS.

Edited by goldswinger, 17 May 2010 - 10:21 PM.

Now then dude, I never got back in the 'index'.....But i did manage to make up for lost time(and then some) selling the Euro/$ cross. ___________________________________________ Funnymentally regarding the mighty buck...hold ya horses there dude,imho The US economy 'contracted' last quarter(from 4+% down to 3+%).....The strongest quarters in any given year are the 4th and 1st respectively(Growth not sticking???) This data to me is not what anyone could call overly 'bullish' for the the $.......I agree the '90' level on the 'index' looks likely...But come the late Summer/Autumn watch out....'IF' the US growth isn't holding up by then,imvho. ____________________________________________ From a chartists perspective the EUtopian Euro looks a complete dog here and now......But funnymentally EUtopia-land is getting a big! BIG!! boost economically from a much! MUCH!! cheaper currency. Bottom-line from the here and now...(also medium-term) i see the dollar continuing to take up the slack...While EUtopia attempts to work through some of it's much touted 'uncertainty'.. ____________________________________________ Right that's me done and dusted for a few months('till the Autumn anyway)...Holiday time for the next month or three i reckon. Regards & Stay lucky.V P.S......Goldy...appologies dude for interupting if you are in fact a 'pure' technician and so are not too interested in the 'funnymentals'....

Vermeeruk, apprecitae the feedback and I do look at funnymentals. And I agree, the lower Euro will boost European exports balancing the tightenning that needs to happen dampening EU domestic demand. But that aside, the chart is only a high level roadmap, personally I don't trade it except the nearby timeframes, up to a month out and that's it. The time estimates for waves end of 3, 4 and 5 are based on the current timeframes that have go us to where we are, we are not done wave 3 up and that's where we are. We still have at least a couple of months left and hence the timeframe extendng into early next year for a 5 wave move up. One other piece of info is that there is an alternative which is that the buck move will end at the end of 3, thereby doing an ABC from early December and then plungng after that. This means it would retest its recen major top at 89/90 and then dive again. This is possible and consistent with your view. GS.

I think the dollar is foretelling a deflation. The BLS data today support my fears on deflation. As a gold lover I am concerned, I am expecting the slump in China, Brazil, EU (the lies notwithstanding), and US. Say Gold is likely to shock us all with a dive into the 800 level this summer. When gold falters, it is usually ugly . Islander.

I think the dollar is foretelling a deflation. The BLS data today support my fears on deflation.

As a gold lover I am concerned, I am expecting the slump in China, Brazil, EU (the lies notwithstanding), and US. Say Gold is likely to shock us all with a dive into the 800 level this summer.

When gold falters, it is usually ugly .

Islander.

OIL too, just look at the dive from 87 in three weeks. I see OIL at sub 50 levels by the fall.

GS.