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楼主 |
发表于 2008-4-25 12:30
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heads up guys,
We just got a confirmed unmistakable move 5 wave move down on the Euro. Unless we get a 7 waver which would be a double zigzag, I do believe this could be the top.
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The AUD/NZD is looking very clear to me. (see post # 1245 for the larger picture).
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Hey guys,
Today should be a slow day as traders anticipate tommorrows rate decision. Im leaning toward a full blown reversal of the dollar pairs and I suspect by the end of the day tommorrow, alot of things should become clear for alot of people, not just ellioticians. I suspeect the Feds won't cut this time around as the markets have been going up since the last cut. This could spark the reversal in the dollar (or at least thats what the media may use as the catalyst...but we all know the dollar pairs are all in wave 5 so we need some sort of pullback soon.) We may not all agree as to the degree of the pull back, but some sort of correction is long over due.
As far as todays trading is concerned, I think Ill take a break and try not to overthink things. SO far, I have a short position on the Aud/NZD that a plan to be in for a little while (unless my stop gets hit of coarse). Im looking for a move back to 1.1350 or so. Watching that thing is like watching paint dry...lol. But, the larger picture is very clear to me, Im fairly confident that were headed lower for now. This is a pair that I feel I could only position trade cause the smaller charts move way too slow.
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