Forecast

USD - Consolidation - Down C wave in ABC correction to 77.8 (or 78), then bull flag up to 83. That is an 7% up move.

The US Dollar will move up to 83 or so (by mid-late Spring) as equity markets begin their decline some time before the end of January.

AUS/USD - Bullish for next 3-5 days, perhaps mid Jan up to 93. Maybe a double top. Then, in late Jan, it may crash more than EUR/USD (percent wise) because of China crash. At least to 82. (12% crash)

EUR/USD - This is my primary instrument. Up to almost 145 or 146 by Jan 5-10. Then down to 130 over the year as SPX crashes.

GBP/USD - not yet calculated.

SP500 - This bear market rally will top by mid-Jan between 1160 and 1170. Then down to 800-850 or so by late 2010.

2007-10 Bear Market ends by the end of 2010. The SPX decline from 1160 or so will end between 800-850. The decline will stops at around 1020 (W1) and 950 (W3) along the way.

Gold - Correction continues until Jan 8-15, 2010, or so. $1000 Gold should be bought. It will go up to $1350-1400 in Wave 1 of new bull to last through much of 2010. Probably up to $2000 in 2010.

Silver - $16.3 should be bought. This may be my Secondary instrument? This corresponds to SLV $15.75 or so.

TLT (U.S.) Government Bonds) - Big Multiple-year Bear Market has started. Wave 1 will end by mid Jan. Wave 2 will correct 25-38% of Wave 1. TLT will be bullish starting Jan up to late 2010 but probably not super bullish. I may prefer metals or EUR/USD.

TNX (U.S. Government Bond Rates) - Big, multiple-year Bull Market has started.