The LinkUs Hub was started by GoodVibe Market Vibes, or GV, and is a great place to share and learn about trading.  A couple of comments on the hub from Gv’s site are:

What is “LinkUs Hub” or “The Hub”?

“The Hub” is one of a kind financial discussion-room where our fellowship of traders and investors gather and communicate LIVE with each other 24×7 to discuss all things related to the market. We post our contributions for others to read when they also stop by later to drop their own work. Others will come later to do the same thing in a free flow of information.

What “The Hub” is NOT?

We don’t do chitchat. No empty debates either. Long useless talk? Nope! Unverified claims? Nada! Unreliable analysis? Zip! Unsupported opinions? Zero! Emotional baggage? Hell no! Whining? Never! Bragging. No chance! Immature behavior. Never! Personal attacks? On our DEAD bodies. Herd mentality. Not anytime we checked!

So try it out.  The Hub’s mission statement is “Share, Learn and Grow”.

EUR/USD – I still see this getting to 1.27.  It may however soon be time for a bounce.

“I am writing this because it is urgent.   We are entering Phase II of the Debt Crisis.  When the Euro was being born, A special commission came to my London Lecture by special request.  I explained that they had to adopt the original Fed Model so that each country had its own interest rate.  That they adopted just as the 12 branches of the Fed, at first, had a separate interest rate to manage capital flow.  Now the EC is in a dire position and a debt crisis at the sovereign level is starting to materialize.  This will spread to US/State debt and the CFTC move to limit currency trading by the public from 100:1 to 10:1 can cause a liquidity crisis that backfires,  magnifying everything.”

…

“Please Forward this to Politicians everywhere

(1) We freeze all National Debt
(2) We issue coupons whereby the debt will be redeemed for local currency to be invested in the domestic economy debt or equity
(3) Each Nation then establishes its own currency pegged to (Euro).  The US debt is swapped for coupons that may be spent domestically
(4) All direct taxation must end.   No Income Tax, Gift, Inheritance, Capital Gains or Property Tax.  All local Gov’t funds itself by Retail Sales Tax.
(5) Fed Gov’t prints the cash needed instead of accumulative deficit each year as % of GDP.  Add up interest paid 1986-2006 – The US debt,  other than interest, would have been $300 Billion.   Printing, if controlled, will not be a FIAT nor hyperinflation.   We need a steady growth of money supply to expand and keep pace with population.”

To Read all the details, and I reccommend you do, go to http://www.scribd.com/doc/28670605/Martin-Armstrong-From-the-Hole-3910

Today continued the high-volume-market-down-low-volume-market-up trend.  60% of the volume on the NYSE was down today although the primary indicies eeked out another up day.  Advance decline is also waning.  Liquidity is disappearing.  Anyway I wont bother with a EW count today, as nothing has really changed.  I will just give a few of my more Macro (i.e. Longer Term Charts).  Enjoy!

Another Long Term Dow – Quad chart

Russell 2000 LT Quad

The latest Russell 2000 Trading Chart

A Long Term VIX

AUD/USD Channel

“Although we may get a bounce up to 0.91,  I expect this currency to drop to 0.72 (with a pause around 0.8)”

We now consider the bounce, that we predicted to approach 0.91, to be complete.   The next inflection/consolidation point should be 0.8.  We expect 0.72 sometime after that.

Updated long term chart is

AUD LT

Updated Short Term Chart is

AUD Short Term

EUR/USD

The above chart shold show the primary support and resistance levles to 1.27.  Good Luck!