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Friday, May 15, 2009

The House Of Cards

This looks like a house in an earthquake to me.

OK It's not very technical, but it's definitely got the Head & Shoulder pattern. I have nothing else to say right now... If I have a moment of inspiration I'll let you know what I see. The labels are just an experimental idea.

Basically I think we still have to go up before we begin the 38% retrace of the March - May advance.

Long term I'm still a Bear.
I appears to me that we could be attracted back to the Kumo before the next decline.

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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