Blog Archive

Tuesday, March 16, 2010

Tuesday



00:00 EST
Interesting forks and trend lines.



16:00 EST
The count is shamelessly stolen from Kenny.
It's taken a long time for anyone to see this Primary Wave [2] ED. Now that we see it counted out it looks beautiful. The final wave of the 3-3-3-3-3 Ending Diagonal is a currently near the finish of a perfect ABC Zig Zag.

The blue lines represent the bottom of wave one and the other is just a line where resistance is likely to lay. A wave [2] may over lap the bottom of wave (1) in Elliott Wave theory, but I wanted to keep an eye on these areas.

This detailed count is my own


15:oo EST



09:42 EST

D
DF indicates a Neutral Bias, but Price has climbed above the DDF's expected range as well as the Persons Pivots. The next Woodies pivot is at 1158. MOBO is also Bullish.

The forks continue to show potential for a strong advance.
Elliott Wave Theory has been influencing me to present a long term downtrend from the top in 2007. At this point I can no longer find a suitable Bearish fork and feel that my objectivity has been obscured by my wish for Elliott Wave Theory to be correct.

The forks are simple. The market trend is up until the bottom tine of the fork is violated.








Analysis presented on this Blog has only informational, and educational purpose, and does not represent a proposal for buying or selling currency contracts.

2 comments:

  1. Good analysis!
    Your blog is very studied.


    ...my blog:
    forex chart analysis and a cat

    ReplyDelete
  2. Thank you for the compliment,

    I respect your work but,the Blogs I include as favorite sites are the Blogs I read. Since I don't read Japanese I'm reluctant to add your site.

    ReplyDelete

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