Monday, August 10, 2009
This chart is based on Rich's scenario. A market study called Critical timing windows and market symmetry that he presented on Boston Wealth makes a strong case for Friday being the peak, and the end of the rally that began in March.
This is a must read article written by Rich at Elliott Wave Index Trader using very insightful methods.
He also solves the problem of the overlap and the extra wave. Let's hope he's right. So far this morning, the wave appears to be impulsive and right on track for P3.
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 06:46