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
Does the news matter?
You will notice that the banner at the top advertises about 10 market myths exposed. Tuesday in England news will be coming out. It will be interesting to see if the "fundamentals" move the market in the "correct" direction or if the wave shows us what will transpire. We will talk about it tomorrow.
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