EUR/USD - Here I'm looking for a big flat correction, which means that we currently is in a large C-wave down. This C-wave should end below the bottom of wave A, ideally at 1.2740.
Short term a break below the support line from the 1.2042 low will add confidence in my count and will likely accelerate the decline.
EUR/JPY - With the break below support at 103.15 we got the confirmation, that a top is firmly in place at 104.59. We should now look for a continuation down towards 101.85 as the next support. However, the long term target for this correction will be at 99.35.
Facebook - First take a look at my post from October 20 here:
http://theelliottwavesufer.blogspot.dk/2012/10/elliott-wave-analysis-of-apple-and.htmlYou don't get a more timely call for a bottom than that. Since the low at 18.80 we have seen a 25% rally, which clearly is what we can expect from a wave 3. The first target for wave 3 is at 28.43.
Freeport McMoRan Copper & Gold - As a proxy for Copper this stock is close to confirm a new powerful decline towards at least 28.70 and if this support (S/H/S neckline) breaks then we should be looking for a decline all the way back to just below 7.85. But for now it's a question of how prices will react to support at 38.80 and break will open up for a decline towards the neckline support at 28.70.
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