John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (18991)	4/10/2017 8:33:06 AM
From: robert b furman	Read Replies (1) of 33421

Hi John, Your eur/jpy looks to me to be about to explode up. If you count that minor dip after it topped there is a clear 5 wave down and we are in an extended down 5th wave (most clearly seen by the eur/jpy rsi. Then look how far price of the eur/jpy is below the lower BB. Simply sideways for a day or two will be a safe entry to catch the very bottom. If I read your eur/jpy as a risk on / riskoff indicator - it is clearly time to buy equities ( as in risk on is on). EURO should explode up if French do not vote LePen in - don't you think? Be interesting to put AROON on your EUR/JPY Bob

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