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Monday, July 20, 2009

Expect a bounce

This euro is coming down on wave e, I expect the bounce to take the SPX up with it.
The M5 chart is showing price below the Kumo and the Tenkan-sen and the Kijun-sen have a bear cross. This is very good for a short term short. You can see my trade positions on the charts.

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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