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Tuesday, May 19, 2009

It looks like the Kumo may lend support at about 900.
As long as the Peak of Wave 1 is not violated at 897.96 I'm Bullish but not long.
Wave C has a Target range of 943 to 980.

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

1 comment:

  1. I was looking at Pedram's Blog, and noticed that he had 902 as the peak of wave 1. What he is looking at is the peak of Wave i on my chart, and he is correct. That is the deal breaker since it's higher that Wave 1. I get 903.02 as the peak of Wave i but that's splitting hairs. Bottom line is we are both hoping that there will be no over lap.


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