Looks like the short is over

I keep looking at the run down from 11/17/09 and I very much believe that the short move is over and we will begin the corrective phase of that month long move. I would expect a fairly strong move tonight probably to at least 1.6200 and perhaps as far as 1.6300. It is very difficult to predict right now. I expect the entire movement once complete to most likely take us back to 1.6600 before the short move resumes. Right now that is just speculation. We will see how it plays out. I am posting a 240 min chart so you can see the short move that I believe has ended.