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Friday, September 4, 2009


Look how beautifully these Fibonacci retracements line up on 38.2 and 61.8%! It would seem that this is the top but I'm just a little concerned that we may have one more wave to complete wave e.

The left retrace (purple) comes from 1038.

Have you ever notice that Fridays rarely close with a definite answer? I'll bet it leaves us hanging on that question all weekend, and then gap one way or the other at the open.

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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