Friday, June 19, 2009
I've relabeled the chart to show a Double Zigzag with yesterday being an x wave.
If my initial count is right then wave 4 overlapped wave 1, making 927.09 the peak of Minor Wave B. I have faith that we will go higher. So it really comes down to a gut feeling which is supported somewhat by common retracement ratios. It's dicey, but I'm not short just yet.
Analysis presented on this blog has only informational and educational purpose and does not represent a proposal for buying or selling currency contracts.
Posted by Robert Campbell at 09:45