US$ is down overnight looking like it may want to make a run at
the recent lows 74.75 and try for support at 74.50.....meanwhile
SPX future up 5 points...both fit well with a pop.
This works well with McHugh's idea on how the market should be
playing out with a final bearish wedge leg up, so only a final
wave's c,d,e to complete... so a pop up of another 100-150
dow points would fit perfectly, and make the McClelland Osc. a
winner.
Never mind that last Q's 3.5% GDP was revised DOWN .7% or
20%...with quiet holiday markets, seems like a perfect time to
manipulate these markets higher. I still say that the Full moon
early AM Dec 2nd will show up as a top Dec 1st, if not Monday Nov
30th.
Oh wait, if this is the last push up, that would make the EW
folks off by about a week....dang they couldn't be correct overall
but a week early, could they? SPX must be getting ready to run to
1200 and Dow to 11,000+
Dollar down,
US Dollar
Posted by perthx on 25th of Nov 2009 at 03:34 am
US$ is down overnight looking like it may want to make a run at the recent lows 74.75 and try for support at 74.50.....meanwhile SPX future up 5 points...both fit well with a pop.
This works well with McHugh's idea on how the market should be playing out with a final bearish wedge leg up, so only a final wave's c,d,e to complete... so a pop up of another 100-150 dow points would fit perfectly, and make the McClelland Osc. a winner.
Never mind that last Q's 3.5% GDP was revised DOWN .7% or 20%...with quiet holiday markets, seems like a perfect time to manipulate these markets higher. I still say that the Full moon early AM Dec 2nd will show up as a top Dec 1st, if not Monday Nov 30th.
Oh wait, if this is the last push up, that would make the EW folks off by about a week....dang they couldn't be correct overall but a week early, could they? SPX must be getting ready to run to 1200 and Dow to 11,000+
Happy Thanksgiving...see y'all later.
Ah yes that elusive 5th
Posted by john9o9 on 25th of Nov 2009 at 08:03 am
Ah yes that elusive 5th wave on the dollar! Any thoughts on why Oil has shown so little reaction of late to the losses in the dollar?