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09-28-2012, 11:04 AM #46726
Thanks Guys. In my view the overall trend is down but there is resistance in the 1.6134 area extending down to 1.5900; then 1.5740 to about 1.5400. A break of 1.5900 should see a fall of about 160p.
Originally Posted by raisinghope
09-28-2012, 02:15 PM #46727
Last edited by skinnypuppy; 09-28-2012 at 02:20 PM.
09-28-2012, 02:30 PM #46728
Your image is stored at 666kb. I'm not saying anything bad about it and gave it a like, too! (that and I like your turning point)
Originally Posted by skinnypuppy
Last edited by TAfool; 09-28-2012 at 02:38 PM.
Charts are never wrong, but the chart reader often is.
09-28-2012, 02:36 PM #46729
09-28-2012, 02:41 PM #46730
thanks mate... it's because it's 666kb :evil:
Originally Posted by TAfool
Last edited by skinnypuppy; 09-29-2012 at 06:36 AM.
Reason: switching edits :)
09-29-2012, 06:42 AM #46731
Last edited by skinnypuppy; 09-29-2012 at 06:58 AM.
09-30-2012, 11:47 PM #46732
Here is a more bearish interpretation of the chart I posted Saturday in the Gbp$ forum. My thinking is lower because wave wave 5 of 3 was extended and has not been fully retraced. Any correction should retraced to the 5950 to 6040 area.
If this does not play out, I will revert to the count posted in the Gbp$ forum.
10-01-2012, 09:03 AM #46733
618 of 1 and 3 = 1.3450 area
Originally Posted by Luxuriant
10-01-2012, 11:18 AM #46734
Looks like it is going to be a sell off tomorrow if it does not start later today.
I had the pleasure to look a DOW 100 year printed chart this week end. It was several pages and a line chart. One thing that jumped out at me was pattern that occurred from about 1960 to late 1974 to early 1975 looked very similar to the pattern we are in now from 2000.
The differences in the patterns are the highs or peaks. The 1960-1967 peak was more proportional than the 2000-2007 peak and the 1972 high was above the 67 peak. The move that followed carried to a new low.
If we get a similar move today, the Dow will bottom in 2014 to 2015 near 5900.
10-02-2012, 02:30 PM #46735
10-02-2012, 02:50 PM #46736
you know what's funny - since my main count was invalidated this morning I was looking for some alternatives and came up as similar thing. The only difference is that I see 1.2630/34 as end of (c) of Y of iv.
It will be interesting to see how it plays out...if it's bearish indeed
10-02-2012, 03:54 PM #46737
ahhahh.. nice, it is indeed a very similar count... the trick is these 3 waves in between.. from occam's razor they look like a huge abc countertrend correction to me... hope it works out, i'm banked on it
Originally Posted by JimboFX
10-03-2012, 12:16 AM #46738
I think Dow is already completed 5 waves. Do you agree ?..
10-03-2012, 12:31 AM #46739
I think if 1422-1425 area can hold on S&P500 We will see one more leg up above 1500. I closed EUR/USD long from 1.28 Flat right now.
Originally Posted by JoeyLee
Last edited by Luxuriant; 10-03-2012 at 12:35 AM.
10-03-2012, 04:57 AM #46740
The rest of the forecast from 2 weeks ago should now develop:
Last edited by Gregory McLeod; 10-03-2012 at 08:43 AM.
Reason: Diverting Traffic without Contribution of Content to the Forum Community is Frowned Upon
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