Wednesday, July 8, 2009
While I believe most of last nights count is correct I did not take into account that wave B had not fulfilled a minimum retrace. This chart shows a 38.2% retrace.
I may be jumping the gun, but I think we can establish a new channel for wave B and retire the channel for wave A.
I'm still going with 846 as the target.
The Euro had some exciting moments last night, but by morning when the NYSE opened we were basically back where we were when the market closed yesterday.
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 07:09