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Monday, September 14, 2009

Wolfe Wave

Every once in a while I find these example of Wolfe Waves. Obviously the Elliott Wave gave us a much better clue to the best target price, but I still find these examples interesting. Generally Wolfe Waves predict the target very accurately. In fact it hit pretty close this time to. The problem I have with Wolfe Waves is that I generally see them after the fact, and often think I see one and then it lets me down.

I hope the recent charts helped you see the turn point this morning.

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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