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Wednesday, May 20, 2009

It's never easy

This peak is either the full extent of Wave C or the peak of 3 of C. If we break the top of Wave 1 it's all over.

I'm still hoping we head back up. We need to complete this Wave 4 corrections, and break today's high without dipping below 903.

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


  1. Hi, it's a very great blog.
    I could tell how much efforts you've taken on it.
    Keep doing!

  2. Thanks for the encouragement.

    There are about 90 minutes left on the day, and I'm expecting the market to start heading up any minute. The dollar is loosing ground quickly to the Euro and this generally helps push the market up.

  3. While I was posting that, the EUR/USD fell like a rock. Cancel that last idea.

  4. what is your short term target on s7p...i am somewhat confused with your wave count?

  5. iv,

    I have a target of 1003 to 1011 SPX.

    I'll post some most charts detailing my count and the alternative if we break below 899.99.


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