Tuesday, February 14, 2006

USDX update


A possible development I was considering on EURUSD too.
The fact the that possibly finished C, ended equally in a cent of previous decline wave A,
could confirm Once Upon a Time in the West scenario, which teaches to never turn a back on a dangerous guy, even if he showed up on a gunfight only with a knife.
If 90.35 and 90.10 provide solid support, we can expect USDX to continue for a final rally before a larger degree move south.
However, looking on a Daily and weekly, a possible min correction down from here could be around 89.50/55 for a retest and continuation below 87.83, before a final continuation up.
Let's see how this unfolds.

On the picture is what could be a Running Flat (light blue) and the other part (darker blue) is what could follow if this is not a finished Running Flat.
ID

This is piratically the second day in the new home, we are still moving in, so please have a little patience. We need to accommodate to this new media. I was just told that this is practically a web site and we can add pages with lots of useful content, so if you have any suggestions what could be useful just write. I have few crazy ideas my self, but for now let's stick with simple blogging. I'll let Stojce surprise us with some more useful and handy stuff.

ID

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