I hate to admit this but when I reconsidered my last post I found a potential error. If what I was considering wave 5 reached the target I suggested, that would have left wave 3 the shortest which can NEVER happen. So, with that said, I have to believe we are still in minor degree wave 3 which became longer than wave 1 this morning when it reached 1.6120. I can currently count 4 waves down within the last leg of this current minor degree 3rd wave. So if all that is correct I expect one more push down to make a new low below 1.6079 and then it has the potential to go long to the 1.6400 retracment I have mentioned previously. Please keep in mind this target is a minimum. It can definitely go further short before retracing the short trend that began 11/17/09
This goes into the "it aint easy working with incomplete info" file
No comments:
Post a Comment