2011-08-13 - sp500 - waiting for new low?

Sp500 stopped falling down. Let's look at the chart (daily) to see actual situation:

Last drops I labeled as 3rd wave, rises of index value is 4th wave. After finishing 4th wave we sholud look forward to see 5th wave with the new bottom.

2011-08-01 - eurusd - deeper 4th wave

Corrective wave 4 isn't done and dolar gained value as a result of the deal between Democrats and Republicans:

At the moment it's dificult to judge if the wave c is over, however we it could be possible. After finishing 4th wave, I'm expecting to see 5th wave ending at the level of 1.4624.

2011-07-30 - sp500 - it's not the end of the correction?

We can see strange situation on daily s&p 500 chart:

5th wave height didn't brake the 3th height. this situation can take place in impulse, however I'm aware of the fact that correction is not done, and s&p 500 is going downwards to the new minimum.

2011-07-29 - eurusd - last growths before bigger correction?

On hourly chart we can see end of wave 4 and beginning of wave 5:

On the other hand waves i and ii can be just correction in wave 4, so we have to wait till wave ii is done. If the bottom of wave ii is lower then wave c, we are still in wave 4.