Monday, January 4, 2010

On Track

Well the retrace went 2 1/2 pips past the point I called. Of Course. I missed the target by about 60 pips. Even though it is moving long as I type, this is still likley part of the long correction and I expect it to make a new low below 1.6137. Im not going to try and call a retrace point, as all my measuring points are not in place yet. I will try and make a post when it looks to be over and the long is ready to resume. By the way it can make a new high and it is still part of the corrective move that will turn and go lower. If I think anything changes I will try and let you know. No chart right now.

No comments:

Post a Comment