Monday, August 17, 2009
I expect the fifth wave will bounce at about 963. If it travels up beyond Wave 1 at 994.60 I think we are 'in like Flint' for a correction; probably Intermediate C, and hopefully up to finish P2. If it breaks down below 956 chances are we are in P3, and heading down on an impulse wave.
Cycles seem to fit what I was saying this morning. Next Monday would be our low and September 9 - 14 area would be the peak of P2.
Looks good on paper, Let's see if it flies!
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 18:38