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Wednesday, March 10, 2010

P3 - Is it a myth?

Today's White Candle Stick put the kabash on a very nice Bearish Hirami from two days ago. Each of these charts wants to see 1135 or lower before turning Bearish. Many stocks are loosing their momentum and are poised for lower prices.

I'm still looking for a reversal in the near future which I expect will set of a cascade of falling prices. I know I've been unkind to EW but I'm still a believer in the evasive P3 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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