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Tuesday, June 2, 2009

Clearly over bought, which begs the question... Will we get a fifth wave?

I don't know but my guess is yes. This M10 Ichimoku chart looks like it could bounce and elephant up to a Doji. That's I'm waiting for.

Stochastic s and M60 MACD look like they need a need a rest, but I'm hoping there will still be room for a little more. If we don't get it we will have to figure something else out, but the Fibs are looking so right for one last push. (see my previous post from this morning)

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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