Heading out of hotel for the hospital. 1177 or 1167 on a 30-minute close. I'll be calling in for quotes on a 30-minute basis. Be back home tonight.
Dollar bottom confirmation on 90-minute close > 77.83.
okay, here we are at end of day and I'm having trouble counting the move down as motive. Looked good until around noon, then we started getting overlapping waves.
I think it's too large to be the 4th wave that I mentioned in an earlier post (4th wave in the 5 waves up from Tuesday's low), but I'm not able to count the move down as motive, so I'm thinking it's a corrective wave (or part of a corrective wave) of a larger degree count.
I'll be interested to hear your thoughts on the count, Steve.
pima I count 3 down from this yesterday's high but that does not mean that the next wave is a 5 up. Bear moves often start with a 3 down, kind of a stutter step like the Texas 2-step. The important thing to me is that I count the entire correction of the April - July decline complete.
Nice..trading off the phone like old times...did everything go ok with your wife?
ReplyDeleteBest wishes for your wife, may she get the best possible care and get positive results. Safe travels home too!
ReplyDeleteMany thanks for your frequent posts!
(PS 4th wave is looking at lot less likely at this point)
Dollar bottom? You betcha! The BRICs are not going to let Timmy win the currency wars.
ReplyDeletehttp://99ercharts.blogspot.com/2010/10/dollar_271.html
China's Strategy
ReplyDeleteA scene from John Woo's "Red Cliff" which may well depict China's strategy in the currency wars.
http://www.youtube.com/watch?v=RWYpK11LlrE
okay, here we are at end of day and I'm having trouble counting the move down as motive. Looked good until around noon, then we started getting overlapping waves.
ReplyDeleteI think it's too large to be the 4th wave that I mentioned in an earlier post (4th wave in the 5 waves up from Tuesday's low), but I'm not able to count the move down as motive, so I'm thinking it's a corrective wave (or part of a corrective wave) of a larger degree count.
I'll be interested to hear your thoughts on the count, Steve.
pima
ReplyDeleteI count 3 down from this yesterday's high but that does not mean that the next wave is a 5 up. Bear moves often start with a 3 down, kind of a stutter step like the Texas 2-step.
The important thing to me is that I count the entire correction of the April - July decline complete.
Red Cliff is a scream. We're shooting our arrows at them now, just making ourselves weaker and thus they are stronger for it.
ReplyDelete