Wow, thanks for the credit Chris! I must say I've had an...

Wow, thanks for the credit Chris! I must say I've had an epiphany with the markets the last week. It relates to the AUD as it appears I nailed it getting rejected at the downsloping triangle trendline just above $1.06. It should now come back to the upsloping triangle trendline which is currently around 96c and rising. I think the low at that trendline will be a wave 4 low before surging to all time highs next year for the wave 5 high.

The AUD has been frontrunning the indexes and I expect the US to rally into the end of this week/early next week for the Labor day public holiday before the pullback really kicks into gear. How big the pullback will be I'm unsure and must admit I doubt I'll get the 20-25% pullback I've been hoping for. Let's see.

The Labor Day public holiday should allow the AUD one last rally up to around $1.045 for the last opportunity to short at these levels before it dips below parity.

I'm all over the Nikkei too and expect a little pullback now before rallying up to around 9800 before it collapses down to sub 6000 for the final bear market low.

Tally ho........

El Capo