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Thursday, September 17, 2009


Tomorrow will probably be sideways for much of the day while the market works through (wave ii) and then begins (wave iii) of five waves to the top..

Fibonacci Ratios indicate a target of about 1080 - 1085.

Last week Filipe told me he is looking at September 21 for the peak. I hope to find out how he got that date. Projecting the wave to the 1085 area ends up on the 21st!

Here is one more chart to consider.
Alexander's study has been exceptional in forecasting the market, and he is short.
If he is right this ALT count may be the correct count. Good luck Alexander!
Here's a link to his forecast.

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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