01-11-2008, 02:13 PM
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Moderator
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Join Date: Jan 2007
Posts: 1,341
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Quote:
Originally Posted by italm31
Hey Jamie,
Im usually on the same boat as you regarding shorter term counts but our long term counts usually seem to clash. Anyways, this is just my opinion, and Im not looking to get into a full blown argument here, but your count looks unnatural to me...especially wave B. Last I checked wave Bs were three wave structures. Yes I know, the subdivisions can be seen as 3 waves. Fine. Its possible. But to the naked eye, I just don't see it like you do. To the naked eye, in this time frame wave B is 1 wave subdivided in 3 waves. That doesn't seem right. I guess my eye is trained to see 3 wave B structures. Anyways, like I said, although your count is possible, a probable scenario is your making your bearish USD bias influence this count. Which is a natural human thing to do. Im making my bullish Usd influence my count and here it is:
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I just see no evidence that the dollar is going to rally right now. The 3 wave EURUSD declines supports a USD bearish bias in my opinion....and it is just that...opinion. Anyway..good luck and have a nice weekend.
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