Thursday, January 14, 2010

Euro/$

I am still waiting for entry signals from the $ yen and gbp yen. I will update the blog intraday when these occur. Its a game of patience .
Above I show a chart of the Euro$. Its a daily view and updates my thoughts of last Friday just before the payroll report. Then and now, I feel that there is a wave 5 to come as marked above, to complete the larger wave down. By my count in the euro$ ,we are just about to start w5 of 1 down of C. I explained the longer term count in the blog entry of last week.
US retail sales is the key report this afternoon .
Good Trading

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