The 3 + 1 formalism of Thorne, Price and Macdonald has been used to derive the linear two-fluid equations describing transverse and longitudinal waves propagating in the two-fluid ideal collisionless plasmas surrounding a Schwarzschild black hole. The plasma is assumed to be falling in radial direction toward the event horizon. The relativistic two-fluid equations have been reformulate, in analogy with the special relativistic formulation as explained in an earlier paper, to take account of relativistic effects due to the event horizon. Here a WKB approximation is used to derive the local dispersion relation for these waves and solved numerically for the wave number k.