Blog Archive

Friday, July 10, 2009

I'm looking forward to hearing what Larry has to say at IchimokuCharts.

Resistance from the top of the M30 Kumo is at 888. Lower periods are bullish, or leaning that way.


Today was interesting. Even though it did not go far it was far from watching paint dry. The market gave me a workout with a myriad of triangles and overlaps. Definitely a corrective pattern.

I think we are either in wave c, and will follow the channel up or possibly the market will test 876 once more (the pink forecast) before heading up to finish wave ii.

Has anyone else noticed the numbers that have become relevant? 666, 888, 876, 765, I feel like I've got a good poker hand sometimes. Maybe we will finish P2 at 1234 or 1123.58!


Enjoy your weekend,
Bob

Sometimes it's good to step back and look at the big picture.




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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