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Monday, November 16, 2009

Weak Kumo

Update 10:00 PST
It will be interesting to see if the Euro stops here at the Kumo.

One day later ....Notice that the Price was able to break through in the thin area of the Kumo.

Update 9:30 PST

Immediately after that little plunge the Blog got hit with a flurry of visitors. Thanks! I must be contributing something useful. But I'm sorry to report the charts are still not giving a sell signal.
MoneySpy has made a peak, but that does not give reason to short. It has a habit of recovering before crossing the zero line.

Rich has a good EW count but I'm staying away from EW for a while.

Beginning Post 07:00 PST

Ichimoku = Bullish
Andrews Pitchfork = Bullish
MoneySpy = Bullish

Elliott Wave = ?

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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