AudUsd : 10mins chart

Using my trading methodology :
. 10 mins chart
. Prices goes under Moving averages crossover (1st point)
. Prices retest moving averages but fail to break. (2nd point)
. Prices break 1.0440 support on 10 mins chart.
. Prices tracking "water falling" moving averages downwards.
. Stochastics scrapping bottom, indicating over sold condition on 10mins chart
. Don't chicken out as usual....
. Press on towards target in a bigger time frame....

AudUsd : Target Changed !

Sold AudUsd at 1.04477

Looking for a corrective wave to point of wave 4.
Starting of a 5 wave decline.

Au: CSL

A friend had invited me to comment in CSL.
He was suggesting a top and a reversal and a resistance at this level.
Weekly Stochastics does show extreme o/b
So a reversal does seems imminent,

My comment was, yes, I would be looking for a reversal but watch the trend channel
Which is still going upwards.
And notice the moving averages...any down side would be cushioned
By these moving averages band...
Don't expect any sharp drop, if any to $36
Anytime soon.

If anything it might break upwards after the triangle has consolidated
To $42 (??)

IBM still technically in an Uptrend

Trend Channel ($220-$190)

EWG : German Index ETF : mid-way into a long term triangle pattern

Have a feeling Dax or its EWG , etf equivalent
Is tracing out a long, long term a-b-c-d-e consolidation pattern.
If a-b-c takes about 4-5yrs
If d-e and subsequent up turn stretches out another 4-6 years
Means, Dax will be ticking sideways for a good part of this decade.

Currently, I think, EWG is in a down turn to complete Wave C at 16
Immediate outlook may suggest a bit of upside then down to 16

An August peak in Dow of 14000 ??

Further downside (wave 5 of C)
Will there be a short term push down to 122, the previous resistance turns support
and potentially the end of wave 4 of 5

Before the final 5th of the 5th wave
Taking a 50/50 wave 4 to wave 5
If wave 4 ends at 126......then wave 5 will end at about 140 (126-112=14;+126=140)

TimeFrame :
If wave 1 to 4 = 6 months; and is 2/3 of total 5 waves
Then wave 5 will be 3 months (from June)
Therefore a peak in the Dow in August.