Note; This is for any other techs who may be following the ewaves. I've looked at many of the counts from Forex and others. All seem to think that we bottomed in the 7250 area and that everything since then is supposed to be the start of a secular wave 3 that should take us in the 100s and higher.
I keep looking at everything and all I see is a bunch of overlapping waves. Nothing showing anything close to a usual wave 3 personality forming. I'm looking at the Euro as well and see the same thing in the opposite direction. Using the other technicals such as Stochs and MACD and Volum analysis on both Weekly and Daily charts, to ne it looks like its divergence haven and the US Dollar index will drop like a rock.
From a volatility standpoint, this is great for momentum trading but nothing trend yet.
Just curious what others think. In looking at the Euro mess and the US economy, nothing says its headed one way or another from the fundamental side either.
SO any opinions would be interesting to hear. Thx.