stops wil be tripped all over the place on the way down. For all your fib traders, 1.8585 is a key target, which coincides with the last break-out top at july 24th. I wonder if they will slap out a buy order to buy this "retracement". but come on, human discretion is always excercised right?
- #3
- Sep 8, 2006 3:36pm Sep 8, 2006 3:36pm
- Joined Apr 2006 | Status: Suaviter in modo, fortiter in re | 1,851 Posts
for anyone who is interested, EUR today has just reached the 618 retracement from the 8/21 high, which also matches a perfect 1.2.3.4.5. wave then a-b-c correction which is a perfect count for a new impulse wave. Do you have the balls to buy?
I've got 4 buy stops to hoover it all up on the way back.
Might put a limit buy around the 1.2620-1.2610 area to pick any stop hunters before it climbs.We'll see (is that laughing I hear in the background ?)
Peter
