Looking at Euro again and expecting time to march by before this retracement rally is complete, it does not make sense to use the M/A I was planning on. By the end of the day it will be below the lower range of the 4th wave rectangle. Fib levels 136.60, 136.97, and 137.35. I'll go with the 50% Fib which has an M/A coming down to meet it overnight.
Meanwhile, back at the stock market ranch, we had a 5 up yesterday which, according to EWI was supposed to be the coup-d-gras of the bull market. Now we have the stock market rallying impulsively on a new 5 up. I'm taking a slow day today and minimizing my positions. I have an errand to run in another half hour, but I'll be back after the close.
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