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Friday, June 19, 2009

Target 933 Mon/Tue

There are a lot of trend lines intersecting at Monday's close or Tuesdays open.

R3 is three points away from where Fibonacci ratios are finding the 933 area several ways.

The Elliott Waves are intact.

And I'm a comfortably patient Bear, just waiting for the moment.

As Pedram pointed out we need to watch out for an impulse down. I realize that I'm becoming complacent and too secure. So this weekend I'll work on finding the unexpected scenario just in case. It may have to be a little wacky because this is looking like text book Elliott Wave.

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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