well.... dollar index is showing signs of getting ready for a surge up and pierpont securities just issued a strong recommendation to take profits on e/u longs (Pierpont Securities | Finance, Capital Markets and Advisory Services | Credit Products | Rates & Mortgages | Capital Markets). they believe the e/u is topping out and it's time to start scaling into shorts. but when we look at this monthly chart of the e/u it says anything but short, rather long for the foreseeable future. maybe what they mean is short the e/u every 100 pips it goes up from here!
interestingly, the top of the ichimoku cloud comes right at the 1.272 fib extension of the Gartley SELL BC leg. anyway, all the levels are above 3800.
1,3960 is my minimum target for 5th wave but must establish 4th first and this is a tick below November low and I think March 2014 is timing
we will see
