This blog is dedicated to my analysis of the GBPUSD currency pair. My primary analysis tool is Elliott wave theory in combination with a proprietary moving average (Jurik JMA) and a custom MACD setting. I make updates as warranted. IMPORTANT NOTE: I use a dot in front of the number or letter to denote the character is in a circle, per correct wave notation.
Monday, December 21, 2009
ALT Count possibility - Be carefull
Please be aware that I also have an alt count that would have the entire minor degree 5th wave (which began on 11/17/09) over now with a serious long retrace begining tonight. The more I look at it the more I think this is quite possible. Either way the multi month short trend is in place and after a couple weeks to maybe a month of retracing the short should resume
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