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.
Posted by Robert Campbell at 11:15