Let's see where Costco finds support and rallies .... Uploaded with ImageShack.us ------------------------------- bonus: http://www.youtube.com/watch?v=FuR3tp3DwbM
Possible Euro error Have a look at the EurUsd daily ... see where I marked wave 4? That bothered me because it looked too feeble, not enough for a wave 4. That is the MAIN reason that I could be wrong and Euro will challenge the top and/or exceed it for the final top. That would mean that the drop we experienced is wave 4 and the current rise is wave 5, the final wave. This aspect still bothers me. So its a wait and see. Uploaded with ImageShack.us
my current view of the Dow Jones on 60-min. - if the configuration here is correct, then one can easily understand why EurUsd must start to deliver my Wave 3 down. Why? Because the Rogue Wave aka USD is the prime generator of the CRASH - remember, its all one market, the US dollar on one side and versus the rest of the world on the other side. Wave 3 is supposed to stump everyone including the dead one. But the main thing is I see the 2 scenarios and one thing I love about Price - he clears things up for me real fast - a few more bars and it will be clearer. But this is what I'm going with currently and if the SHORT materializes on EurUsd I'm taking it with the STOP mentioned a few posts back. Hasta manana Uploaded with ImageShack.us
The Rogue Wave (aka Dollar Index) on 1H at Wave C = 261.8% X A just below is the Fib 23.6% support (inverse grid) shown also is the Target Box which as in Euro is also exceeded. Unless Rogue busts thru' either the blue or black channel lines m Euro short trade is very very iffy at best. Uploaded with ImageShack.us
Yum yum if what you can see, happens, then watch @ 0:30 for a flash of how drums depict how the dead one will feel http://www.youtube.com/watch?v=i8mz9uOvFQA Uploaded with ImageShack.us
see previous 15-min. chart - The green m.a. shown is the 200 - if the elasticity and coefficient of restitution of the 200 fires, I'm outta there pronto.