Saturday, January 8, 2011

1/8 Weekly Commentary

EWI keeps calling for bearish rain. Here is as good a count as I can come up with to rectify I1 and Ben's sun dance. 
This count includes a long (iii) and a rectangle (iv) with only 4 subdivisions within.  The 5th can arrive Monday, in which case Friday's low will hold or only be penetrated in a small way.  Thus I1 can anticipate a 5 wave into the 3rd week of February and topping process into 3rd week March.
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2 comments:

  1. AnonymousJanuary 9, 2011 at 11:08 AM

    What do you expect the $USD will do during the projected rally? There are a lot of upside gaps in the $XEU chart.

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  2. CarlJanuary 10, 2011 at 4:05 AM

    Hi Steve, a simple question about PM1 for Silver: it seems to be rising until March, is that correct? If yes, then doesn't it imply higher prices than the Dec31-Jan3 peak and shouldn't one be long Silver? Thank you and keep up the great work.

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