No opinion on this yet. Just putting it out there, mostly for myself to look at and think about.
The DX should drop 10 cents into Aug 10 2010. The target has been 95 and this from Oct 2009 when my call for the low was 72/74 and it made a low in Nov 2009 at 74.85 or so.
The only thing that changed was the pattern. It was suppose to be at 78/79 cents by April 16 latest end of April 2010 from the move up to 80/82 area.....then from 78/79 move to 95/96 by June 2011 and earliest Jan 2011.
So it must retrace soon a good 10 cents with Gold going to 1380, silver to 21.75 ( new highs), ES to 1240-1307, CAD to 1.02-1.05 all by Aug 10 2010.
I expect gold to fall from 1380 to $850-750 by June 2011 earliest could be Jan 2011 and silver to $10-8 from new highs of $21.75. $10-8 also by Jan-June 2011.
Coffee, wheat, beans, corn should make good retracements into Jan-July 2011 time frame with Coffee making new highs in 275-316 range. OJ should be down to 60-62 cents by Dec 2010 and then pop up within 3-4 months to 120-140 area by March 2011.
Euro, BP, SF, AUD should have good retraces till Aug 10 as long as DX ( us index) follows the pattern and breaks down soon into Aug 2010.
Finally, once the dx makes the 95/96 area it will proceed to crash into a final low at 41 by end of 2012/early 2013. It will test this low area 3 times in total into 2014 and then proceed to move to 113/122 and even up to 165 area or past it come 2019.
Gold will maket a new high of $2,800 with silver up to $120-150. Silver will outshine gold from 2011-2014.
The only thing that changed was the pattern. It was suppose to be at 78/79 cents by April 16 latest end of April 2010 from the move up to 80/82 area.....then from 78/79 move to 95/96 by June 2011 and earliest Jan 2011.
So it must retrace soon a good 10 cents with Gold going to 1380, silver to 21.75 ( new highs), ES to 1240-1307, CAD to 1.02-1.05 all by Aug 10 2010.
I expect gold to fall from 1380 to $850-750 by June 2011 earliest could be Jan 2011 and silver to $10-8 from new highs of $21.75. $10-8 also by Jan-June 2011.
Coffee, wheat, beans, corn should make good retracements into Jan-July 2011 time frame with Coffee making new highs in 275-316 range. OJ should be down to 60-62 cents by Dec 2010 and then pop up within 3-4 months to 120-140 area by March 2011.
Euro, BP, SF, AUD should have good retraces till Aug 10 as long as DX ( us index) follows the pattern and breaks down soon into Aug 2010.
Finally, once the dx makes the 95/96 area it will proceed to crash into a final low at 41 by end of 2012/early 2013. It will test this low area 3 times in total into 2014 and then proceed to move to 113/122 and even up to 165 area or past it come 2019.
Gold will maket a new high of $2,800 with silver up to $120-150. Silver will outshine gold from 2011-2014.
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