US $ Index Update 5 March 2010

Hi,

Previous posts on this topic can be read at

http://dowjonesusa.blogspot.com/2009/12/us-index-update_19.html

http://dowjonesusa.blogspot.com/2009/12/us-index-update.html

Now let us see the current chart.

Below chart shows how effectively Fibonacci numbers are followed by US $ Index. GOLDEN RATIO..

Above chart also suggests a slight change in wave count.

Now it seems we are into 4th one where C is on.

It will be confirmed whether it was 4th if it does not break 78.48 around levels.

Also 4th wave has tendency to break the rising parllel channel so will get a clue from there as well.

In any case.. It was very early identified about the reversal of trend in US Dollar Index here.. on 16th December 2010. http://dowjonesusa.blogspot.com/2009/12/us-dollar-index.html

Any questions, pls post u r comments below.

Thanks & Regards
CA. Navneet Singhal