Silver - Has moved into a support cluster near the 25 to 27 price range and has so far managed a ST impulse up, producing a 4hr bullish hammer candle. This could give us a bounce out of an oversold condition at the least:
4hr reversal candle:
ST 5 wave impulse off the bottom and bull flag:
If this early morning move up is part of a significant bottom, a sharp impulsive drive should move PoS to above the upper blue base channel line. If not, then it's more likely a 3 wave ABC correction to the upside and another wave down could be next to do some more bottom searching.
Dow - A Third of a Third 'point of recognition' to the downside is possible very soon:
This projection is dead if the Dow moves above 11,550 (Critical Resistance, CR)
USD - My previous count suggested that USD should be working on a 3rd wave up. However, the action so far has not given the appropriate impulsive attitude. I can see a possible ending diagonal. A move below 77.52 would likely confirm the ending diagonal and deny the 3rd wave impulse to the upside.
30 year Bond - Also looks like it could be working on a weakening top. Key support in price is at 142. Falling below that level suggests the bond market may have placed a significant top.
Good Hunting All,
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