EUR/USD - The rally we saw on Friday has forced me to change my short term count. The best fit is, that we are in wave "c" of an expanding flat correction and that we should see a continuation higher towards the 132.73 - 132.92 area before wave 2 is over and the next leg lower is to begin.
VIX Index - Is moving deeper and deeper into complacent territory. Friday we hit the lowest level seen since late June 2007, but that is in it self no guarantee that a top is nearby more something to be aware about and have prudent stops in place.
Dow Jones Industrial - Are we looking at an expanding triangle in the bigger picture (see the upper chart) and possibly a Megaphone shaped formation in the daily chart? The next resistance-area I have is in the 13,563 - 13,722 area, but only a break below 12,734 will call for a top of some kind.
Tell us something about EUR / JPY, what do you think of this pair, taking into account technical and wave analysis?
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