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Monday, August 10, 2009

Even though Rich did some really fine work and made a good case for P2 peak I think the Triangle Scenario 1 is playing out, unless we break out of the Triangle at around 990 today.

We over lapped what would be wave 1 and it appears to be a three wave count today.

Coupled with the appearance of a three wave count on Friday I can't quite get behind this as an impulse 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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