Thursday, December 31, 2009

Primary count was correct!

Well it looks like my primary count was correct. Now the question is "is the long over." well structurally, at this momemt, it could be but based on the current structure of the dollar index I doubt it. I believe you will see three more motive waves long to complete the C wave. The current wave {ii} which is still in prgoress will stop around 1.6150 amd then the long will resume. I think the entire movement will finish up around 1.6500. I will keep tabs on that projection and let you know if I think it will change. Structure is more important than any ratio so we will have to watch it unfold in relation to our ratio target. At the moment, I believe a break of 1.6108 will be a good first signal that the long is over and the short has resumed.  That is your critical support level. HAPPY NEW YEAR to all! I hope the depression of 2010 yields great profit for us all.


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