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Tuesday, June 30, 2009

Sorry I've been working again, and it's taking a toll on my attention to the market. Thanks to Rich I'm back on track. I have to say Rich at Elliott Wave Index Trader is really sharp.
This is the Ichimoku Kinko Hyo M30. It's hard to see but Tenkan-sen has dipped below Kijun-sen - signaling the possible beginning of a Bear turn. A dip below the Kumo at 911 would cinch that up,, but the EW has already given the sell signal. It will only be confirmation of the turn.

A gap down open tomorrow will also be a signal.

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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