5 replies to this topic

[spielchekr]

Lower lows have have been uncommon and shallow on this chart.

[spielchekr]

ED? Wolfe wave?

[spielchekr]

I need to complete my thought. That chart is a little behind. Are wolfe waves limited to five points? If it can "extend", can a 7th wave that exceeds the support line like the 5th wave mentioned below be considered the entry point?





Current USD weekly status:

[eminimee]

Forget the forest animals....think Bull...Bull divergent on a fake poke and double bottom....that's my take anyways....she should start to the upside. A weekly close below the all time low wouldn't be healthy.

http://stockcharts.com/c-sc/sc?s=$USD&p=W&yr=4&mn=6&dy=0&i=p58059427784&a=62572955&r=3195.png

[ogm]

Very similar setup. Subsequently QID broke down hard. Almost 10%..... USD will probably break down hard here too. Monthly chart wouldn't help. I'm actually considering the long Yen trade here. And I really like the Australian dollar ETF (FXA), it yields 5.75% too on top of a good looking chart.

Edited by ogm, 14 July 2007 - 04:10 PM.

[spielchekr]

I have no idea when this will go terminal. It certainly wasn't meant to be here after all.

Lower lows have have been uncommon and shallow on this chart.