Good evening to one and all.

The Lord’s Blessings to you all.

Ok, we are back in action tonight,

I thought I would even get a video done today but I gotta admit this week has been a blow out in my household,

our dog that has been with us for 14 yrs died yesterday after a week of illness and vet trips.

She was around for my wedding and three children and any number of cats that have come and gone!

And now she has gone ahead of me to eternal fields of joy!

Then the website crashed as I was writing last night to top it all off.

so my days have been filled with tears from the kids and wife and frustration from me!

But I am still here and willing to keep fighting!As A reminder,

I have linked the twitter account below so you can keep in touch in case the website does crash in the future.

So lets get on with it shall we.

Around 450,000 Homebuyers Are Now Underwater As ‘Early’ FHA Delinquencies Hit 2009 Levels

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD has made an attempt today to rally back above the recent high at wave ‘b’.
The rally has put pressure on this short term count,
but the price continues to hold a lower high today,
and because of that I can stick with the idea that wave ‘c’ is underway.

I can still see a possible three wave pattern in wave ‘2’ at today high.
And if the high at 1.0594 holds again tomorrow,
I think that will be a big vote in favor of this count.

Tomorrow;
The high at wave ‘b’ must hold at 1.0594.
A break below wave ‘1’ at 1.0441 again will signal wave ‘3’ is underway.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

There is a similar story in cable tonight also.
The price has rallied back towards the wave ‘b’ high at 1.2268 today.
This rally has traced out a three wave pattern though,
and so the count continues to hold as a correction higher in wave (b) of [a].
We are getting tight here tonight though,
there is not much room for error left.
The price must now complete wave (b) and then turn into wave (c) beginning tomorrow.

Tomorrow;
Watch for wave (b) to hold below 1.2343.
The wave ‘b’ high at 1.2268 should act as resistance for wave (b).
Wave (c) down is expected to begin now and drop below 1.2106 to confirm this pattern.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

The range of price actoin has continued to narrow today
and with that we have a possible triangle pattern in play for wave (b) rather than a flat correction that I showed last night.

The triangle is completed at todays lows of 1.3631.
And if this pattern holds then wave (c) should turn higher again in wave (c) beginning tomorrow.

Tomorrow;
Watch for wave (b) to hold the triangle pattern and turn higher into wave (c).
A break above 137.86 again will signal wave ‘i’ of (c) is underway.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

After a larger corrective rally today I have labelled this action as wave ‘4’ rather than an extending wave ‘3’ decline.
The price is declining off the high again today,
and this decline must continue and break below the 33400 level to create a new low and begin wave ‘5’ of ‘i’.
I remain hopeful that wave ‘5’ will push the market back below 33000 again to complete wave ‘i’.
That decline in wave ‘5’ must begin now and carry on for at least tomorrows trade.

This wave count is still a work in progress,
and I am still looking for confirmation that the top is in for wave [ii] green.
IF this count is correct,
then we will get a corrective lower high in wave ‘ii’ next week.
and a sharp decline into wave ‘iii’ will then be on the cards.
Overall,
it looks like the next week will be a choppy, difficult and ranging trade as wave ‘i’ and ‘ii’ complete.

Tomorrow;
Watch for wave ‘4’ to hold at 33890.
Wave ‘5’ down is expected to make further progress lower tomorrow.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

this correction higher in wave ‘2’ of ‘c’ is holding onto the price far longer than I would like now.
I am willing to give this count one more day to play out,
but if we do not see a return lower to begin wave ‘3’ of ‘c’ again,
then I will be forced to rethink the recent action completely.

the main point in favor of the pattern here is the fact that the turn off wave ‘b’ was very impulsive,
and this rise to a lower high is more corrective in nature with several overlapping internal waves.
This action points to a bearish impulse wave,
and the follow through should come in the form of wave ‘3’ of ‘i’ tomorrow.

Tomorrow;
Watch for wave ‘2’ to complete below 1809.
Wave ‘3’ will be confirmed with a break of 1765 again.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

I cannot complain about further price declines in crude oil in general as I’m trying to keep my home warm this winter!
But I am beginning to question the main count on the hourly chart here.
the extent of the decline in wave (i) of [iii] is my main concern,
it seems too large to be in proportion.
This does not mean the main count is wrong,
but I am considering alternates now.

I have introduced a new alternate count for wave [i] at this evenings lows,
and if that is correct,
then we should expect a rally into wave [ii] over the coming week.
A three wave rally at this degree in the pattern could see a break of the 84.00 handle again to complete the correction.
So I will be tracking this idea also as the days go on.

Tomorrow;
Waiting for this final low in wave (i) to come in.
A rally in wave ‘a’ should carry the price back above 75.00 again.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

A three wave correction in wave ‘4’ is now complete at todays highs.
If this count holds true,
then we will see a further decline tomorrow into wave ‘5’ of ‘i’ of (iii).
I would prefer to see a break of 3800 to complete wave ‘5’,
but I will just have to wait and see how this pattern complets before drawing conclusions.

Tomorrow;
Watch for wave ‘5’ of ‘i’ to fall again and break the wave ‘3’ low at 3909 at a minimum.

The lower this initial decline in wave ‘i’ goes,
the better the bearish case will be for a larger acceleration lower into wave (iii) over the coming weeks.
All eyes on 3800 for wave ‘i’ to complete.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

The rally in silver has now reatraced much of the declien that we saw off the wave ‘4’ top.
Even though wave (ii) has surpassed What I expected,
I am still happy in calling this a second wave retracement.
The decline into wave (i) was a near perfect five wave pattern.
and this rally is showing a possible three wave correction to a lower high.
So,
It is a close call here,
but I want wave (iii) down to take over tomorrow and wave ‘i’ of (iii) to retrace much of the rally in wave (ii).

Tomorrow;
This is a critical day for this pattern.
And maybe it is a big ask here,
but I want wave ‘i’ of (iii) to fall back below 22.00 again to begin a larger decline into wave (iii) of [i].