Is cocoa getting rdy to sprint higher?

Want my count drop me a note…

Japanese yen update…

Almost got the bottom in the Japanese yen son the buy at 8423 per my last post… yen rallying nicely and this final 5th wave lower may have finished out. If so this could be a very nice trade. 

Good trading

CK

Euro currency … update.

                       

                         

My original thought is that we were putting in a 4th wave 3-3-5 expanded flat but it seems that we are in a 5th wave of w3. with a deep 4th to come. Trgts for the 5th wave to end come in at (12325 12273 and max at 12151 .) Or a truncation may occur. All three options are still on the table…Still about s 100 pts from my trgt 

Then we get a 4th wave correction possibly taking us back to the 130 level…. 

updated corn for march contract daily... are we ready to start the 5th wave down ?

 

MARCH CORN

The daily chart of march corn above there are several scenarios that could take place .  We are currently trading at around the 377 area and I would very much like to see march corn take out 400 to complete the upside push and then fail here and retest the low. My targets come in at 326 and then max out at 283.00.  I like the 283 target area a bit more if we can manage to push mrch corn above the 4.00 price as this would align the weekly chart with the daily shown above to the exact price. either way we will be in a 5th wave down and we can do one of 3 things so i am still watching as of now and if targets are reached i will be moving back into the corn market and building a position. 

(for this count to stay validated corn must not breach the wave 1 low of  447 1/4.)

good trading

Japanese yen… adjustment in price target

In my last post I gave a bad target of 8493… after looking over charts this weekend I have lowered my target to 8423… this would be the .618 target of w1-w3.  So we still have about 160-180 points until my downside target is hit.  This is actually in line with with the dollar as we still have room on the $ to move higher to a target of 89.23.  Both the targets are derived from the dec contracts.  

Good trading

CK