Taking a quick look at the dollar. No need to go into my fundamental stance on the dollar, I have covered that and the count I am building off of in this post: Thoughts on the US Dollar, Analysis of the USDX Long Term, Follow up on the Gold Blog.
The count on the dollar is winding its way down to a bottom, and I think it is nearly done (I think it is an ending diagonal which I identified / or rather guessed at :) before). Not the larger ending diagonal that was popular a few weeks ago, but this smaller one at the end. I think Wave 4 was longer and more complex that people were initially admitting. But I think we will get a pretty sharp reversal in the dollar once it reaches the 75.00-75.50 level in the next 2 weeks or so.
This is of course assuming my ending diagonal theory is correct. :) Wave 4 of the final 5th down could also extend sideways so that wave 5 forms a channel and not a wedge. However a look at the UUP chart today is (so far) confirming that call.