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Wednesday, May 6, 2009

After thoughts

After giving Rich's count a bit more thought I can see this as a likely path for the market to take tomorrow. The expanding triangle makes the wave 1 wave 4 overlap OK. This wave finishes at the top of the channel and appears very likely to me.

I feel very confident that tomorrow will finally be the peak of wave A. I'm appreciative of both Pedram and Rich for their input.

Analysis presented on this blog has only informational and educational purpose and does not represent a proposal for buying or selling currency contracts.

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