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Strategies & Market Trends : Classic TA Workplace

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To: Haim R. Branisteanu who wrote (80283)	8/31/2003 11:30:26 AM
From: At_The_Ask	Read Replies (2) of 209892

I'd have to see more data than a 120. To make a wave count you have to look at all timeframes, especially the big ones. I can't find my forex link (actually sunjava is disabled for ie) so I'll just say that the decline of the $ from it's highs is likely a leading diagonal wave A of a zz. The eur\usd looks about like the dxy so the count should be similar except inverted. .2 off the lows has more or less been met on dxy. .38 is about 103, .5 around 105. If the correction ends up as a flat it could be in a range for months. Maybe til spring 04 or longer. Near term it doesn't look like it's done with up yet. I think that 120 shows a zz that is either complete or near so. I dont think parity is in the picture. even 105 seems low. Hopefully this helps, and is not wrong. regards

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