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Monday, November 2, 2009


This looks like we are getting close to the bottom of wave 1. I should clarify that I believe we are in wave 4 of 1. 1024 is still a likely target. The Hourly MoneySpy has turned up indicating a loss of momentum.

The Ichimoku remains Bearish, but keep an eye on the Tenkan-sen/Kijun-sen as they may cross which would be a warning if you are short.

L8R, I'm off to work.

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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