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.

2011-07-28 - eurusd - the end of 4th wave?

Eurusd has been in correction since yesterday - pair has lost more then 50% 3rd wave value. We can see it on H4 chart:

4th wave came into the are of wave 2, this is possible on markets with lever.

2011-07-24 - gbpusd - rally in several months?

Let's look at weekly chart to see wide perspective of gbpusd:

We can see that index is in rally - actually in wave {3} which consists of waves [1],[2],[3],[4] and [5]. Wave [4] ended in the middle of July, and now gbpusd is in [5] wave. Daily chart shows this occurrence:

2011-07-23 - sp500 - end of the rally is close

Sp500 index is in 5th wave of rally. It has ended 4th wave on monday:

2011-07-21 - eurusd - uptrend or downtrend?

Eurusd may be in it's turning point. After gaining value the currency may drop. Let's look at the H4 chart:

We can see three waves of impulse (in uptrend). However this impulse could be also a correction. In this situation we sholud expect drops below 1,3835 level. The weekness of this theory is the down move from the beginning of July - it has three waves, not five.

In the end, I'm expecting some drops in corrective 4th wave and rally in 5th wave.

2011-07-15 - sp500 - correction in uptrend

It looks like sp500 ended correction ABC in the middle of June. At the moment index is in uptrend. We can see it on the daily chart:

After finishing 4th wave index will go towards new high (over high of 3rd wave, but could be less then wave B high).