Posted on June 5, 2009 at 11:58 in Uncategorized by Pierre Charlebois2 Comments »

We saw more USD strength today. There is now a 3 wave affair up so we are back at crossroads without further evidence.

I’m watching for a 4th and 5th wave. Which would then give way to a three wave (or combination) correction back to Fibonacci support. That juncture would be the new pivot point.

Have a great weekend.


Posted on June 4, 2009 at 13:21 in Uncategorized by Pierre Charlebois3 Comments »

Here’s a snap of the $/Index.

There appears to be 5 waves up. IF the structure of the correction happens in three waves (without a new low) and we then break to the upside, this will bolster the USD Bullish View.

As always; I caution that this in only one interpretation.