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Thread: Elliot Wave Trading

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#1510 (permalink)

11-12-2007, 04:31 AM

italm31

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Join Date: Jul 2007

Posts: 1,592

italm31 is an unknown quantity at this point

The Yen pairs appear to be in a free fall. A top has been confirmed for the Gbp/Jpy but who knows how far this wave iii of 3 can go. There is a lot of fear in the markets right now. I expect some kind of pull back soon but that would only bring us into wave iv of 3. The larger retracement may still be some time. If a retracement were to begin now, Elliot Wave conventional wisdom would us back 232.40 area.

Last edited by italm31; 06-11-2008 at 05:58 AM..

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