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Thursday, March 25, 2010

Thursday

16:00 EST
Thursday confirms yesterdays Bearish Harami with a long Black candle and Bearish Reversal.
The 60 minute Kagi chart has given a sell signal


But before we talk about P3 we need to atleast get through 1150 and finally 1080. The timing may be right though. I was looking a some other Perma Bear Blogs and noticed that several have become Bullish. I know I'm feeling like Elliott Wave and P3 may be a myth.


14:39 EST

This intraday candlestick chart is looking good for the bears. Yesterdays Bearish Harami will be confirmed today with a close below yesterdays high. About 90 minutes remains today so time will tell.

14:25 EST

Looks like we may bounce between the Pivots at this point




12:50 EST

DDF is Neutral. Price is at the Woodie Pivot.
My expectation is a reversal at this point.

The channel and Andrews Pitchfork also support that idea.

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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