Tuesday, February 9, 2010

Zigzag to Flat

That is what this corrective structure looks like. It began on 02/05/10 at 11:32 am and will probably finish tonight. I expect one more move long to the 1.5780 to 1.5820 zone. From there I expect it to move short to 1.5380. Once that zone is achieved, it is quite possible the movement could come all the way back to 1.5800. Only time will tell but I still very much favor short movements. Look to sell tops.

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