I draw the line right here
雲ボブ
Fundamentals do not work when the public is deceived by the media. Charts can reveal the truth.
Wednesday, June 17, 2009
After months of complex waves it's so nice to get a classic Elliott Wave pattern. This is so perfect it could be used as a text book example. I'm expecting something close to the pattern indicated in this chart.
845 should follow 923 SPX. I expect the bottom of the M30 Kumo to provide resistance at 923. Pivot Point resistance R1 should provide the bounce as it is very close to 38.2% retrace but a 61.8% retract would bring the SPX to 936 so we will have watch the waves and be ready to take our short positions.
Hello to my Norsk readers, drop me a line an tell me what's going on in in my favorite country. Har det bra.
btcamp@sbcglobal.net
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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