Sunday, March 28, 2010

Who's the boss?

We just opened for the week and allready the wave 1 of 5 low has been broken. This means wave 3 is not yet complete, so wave iii of 3 down is about to start. If 1.3569 gets broken this count becomes invalid and i will look for more upside. We cannot look past the european decission to bail out every EU country, which could make the euro rally against the us dollar. The market remains boss however and we can only follow even if it decides to go lower first.

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