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12-15-2008, 09:54 AM #14581
on eurusd daily we have a trendline break to the upside, and looks like the decline is gonna be left as a ABC. ( props to justy once more )
on the shortterm count we have a triangle however, warning of a termination.. probably around 1,40.
Last edited by qsx; 12-15-2008 at 10:04 AM.
12-15-2008, 10:00 AM #14582
Looks like the huge rally out of the triangle MAY have run it's course. Clear channel resistance on the hourly MAY contain. The rest of the day should be interesting.
Still NO big reaction in gold.
12-15-2008, 10:05 AM #14583
Good Morning guys
It looks like EURGBP will start to unravel this morning.
The wave count looks OK, but can be interpreted differently.
But we broke thru the support line, which can be indicative in many cases.
12-15-2008, 10:16 AM #14584
eurgbp - alternative count
Probably eurgbp has some 300+ pips to go up. I maintain my call for an ending diagonal.
Wave 4 retraced 29.3 of 3rd - exactly the same as 2nd (29.3 of 1st)
5th must end below 0.9325
If it keeps moving in this manner we should see : impulse as wave a , complex corection as b and ending diagonal as c (that`s how 1st and 3rd waves were formed)
edit: TL looks like is going to fall - In this case Qsx` count seems to be the most reasonable
Last edited by fazi; 12-15-2008 at 11:22 AM.
12-15-2008, 10:58 AM #14585
Major decoupling between equities, dollar, gold, eur.
12-15-2008, 11:04 AM #14586
I was a little early in that last call.
Thrust out of a small triangle that formed at trendline support. Throw-over the channel. Have we run the course? I think yes. Maybe a few hundred pips of correction before higher? What's everyone else think?
12-15-2008, 11:11 AM #14587
my take on the eurgbp: start of wave 4 of ending diagonal.
lets see if we can identify the bottom (probably in the new year) near the lower trendline for a quick blowoff..
edit: since the decline does not seem impulsive, this could be a flat upwards? (not zigzag as it says)
Last edited by qsx; 12-15-2008 at 11:46 AM.
12-15-2008, 11:20 AM #14588
Good idea Qsx - clear break below trend line and I fully agree with You,
Originally Posted by qsx
12-15-2008, 11:31 AM #14589
i just added (edited) a confusing alternate
Last edited by qsx; 12-15-2008 at 11:50 AM.
12-15-2008, 12:08 PM #14590
the audusd presents a solid opportunity....the c wave that should end above .70. price ideally remains above Fridays high
12-15-2008, 12:37 PM #14591
Keep us posted on that Diver!
Originally Posted by diver
12-15-2008, 02:49 PM #14592
usdchf -awfully steep flat - what do you think?
A scenario seems unlikely, but it`s worth noting.
A drop from 1.2995 has just equalized with a correction following 1.416 top.
Aqua blue rectangle is a projection af an impulse advance from 1.0, and it lands exactly at 38.2 fibo from a A.D. 2000 top.
What do you think?
12-15-2008, 02:56 PM #14593
what a wonderful confluence of equalities/fibo extensions... short at trendline break. lets see where that takes me.
edit: not holding.. looks like its on the way to the 61fib.. or more.
Last edited by qsx; 12-15-2008 at 03:35 PM.
12-15-2008, 03:26 PM #14594
Stellar Performance : .................. !
Originally Posted by marketwavez2
Last edited by marketwavez2; 12-15-2008 at 05:39 PM.
12-15-2008, 03:45 PM #14595
Excellent call Market
quite the elliot guru
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