Elliott Wave - U.S. Dollar Index - 16 Dec 10

Elliott Wave - S&P500 Cash Index - 15 Dec 10

Elliott Wave - World Gold Index (Daily) - 14 Dec 10

Long Term World Gold Index (Weekly Chart)

Long Term World Gold Index (Monthly Chart)

     There have been no other Elliott Waves shown by the monthly chart since the fourth wave triangle completed in mid-2009. But that doesn't mean there aren't any items of interest!
     After the Sequential sell associated with the triangle (note countdown bar 13 in January 2008) we are on the verge of creating another sell setup (as long as we close December 2010 above 1248.00). This sets up what is called the 9-13-9 sell pattern. As we watch for this development on the monthly chart I will examine the weekly chart for supporting evidence in my next posting.