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楼主 |
发表于 2008-4-25 06:13
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Hey guys,
Based on the expanded flat count on the Gbp/Jpy (or other Yen pairs) we should be in a wave 1 of 3 down. However, as Jamie stated earlier on, don't bet the house on it just yet. There appears to be a glich on the 1 of 3 down. 3 waves have traced out and we appear to be back in wave 1 territory so we may be going higher suggesting an abc rather than a 123. Also wave 2 or b has only retraced 38.2 % of wave 1. Furthermore, we just traced out 5 waves on the smaller charts.
This in no reason to panic if your short. You could take profits and get in later or lower your exposure, or keep stops above todays high and if stopped out, take the loss. This is just a clue that our count may be wrong. Thats it. Don't forget, the larger trend is still up. We need more info to know for sure whats going on.
Attached Images
Bulls eyed view on Eur/Jpy
Seeing as how the trend is still up on the Yen pairs, a bullish count is most certainly warranted. Hears a bulls eyed view of the up trend for the Eur/Jpy. If this is the case, we are about to make a new and final high.
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