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- 2006-7-3
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楼主 |
发表于 2008-5-5 08:33
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Hello guys
Danish, I don't disagree with you. your argument makes sense.
Here is few numbers I have been looking at.
I would like to add few other possibilities yet:
1. In this wave formation, which is developing now and will terminate probably this week as wave 5. My target is in excess of 1.5660, which is 1.4910 plus 750 pips.
Rationale: According to Elliott, triangle breakout must be at least the breakout point (1.4910) plus the height of the beginning of the triangle. So, possibly we will see a number closer to 1.57 or higher as the completion of this wave structure, before it corrects, after which it will go higher again.
2. As far, as other possibilities, I am getting values much larger.
If we take the low number from 1985 (0.6425) and the rally until 1992 with the value of 1.4578, the difference was 0.8157
If we add 0.8157 to the current wave that started in 2000 at 0.8256, we get a target of 1.6413
3. Another possibility: In this wave structure that started in 2000 and still continues, we have 3 waves:
Wave 1 from 2000-2004 with the value from 0.8194 to 1.3652 for a total of 0.5458
Wave 2 from Dec 2004 till Nov 2006 from the high of 1.4652 to the low of 1.1613 for a total value of 1890 pips
Wave 3 from Nov 2006 until now, not complete yet.
If wave 3 is equal to wave A, I am getting the target of 1.7091
I know, it will take a while, maybe few months.
But, on the other hand I checked the P&F pattern on stokcharts and the target value for the Euro index is 222, so maybe I am not insane after all?Attached Thumbnails |
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