tag:blogger.com,1999:blog-4878316162397365683.post6520522416029172335..comments2023-11-06T06:01:49.605-05:00Comments on Principle Analysis: an Elliott Wave Blog for Forex Signals, Futures Signals and Stock Signals: Stocks Float Higher, Should Reverse Sharply Soon; Euro Still Correcting Before CollapsingUnknownnoreply@blogger.comBlogger7125tag:blogger.com,1999:blog-4878316162397365683.post-8115241705360919872012-01-12T14:53:43.532-05:002012-01-12T14:53:43.532-05:00Thanks! Good luck to you.Thanks! Good luck to you.Market Sectorshttp://marketsectors.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-4878316162397365683.post-21789360410743862262012-01-12T14:25:02.999-05:002012-01-12T14:25:02.999-05:00Sure, you got it!Sure, you got it!PrincipleAnalysis_Blogspot_Comhttp://principleanalysis.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-4878316162397365683.post-67875032790576683982012-01-12T14:07:42.874-05:002012-01-12T14:07:42.874-05:00Would you like to exchange links? I have added you...Would you like to exchange links? I have added your site to mine.http://marketsectors.blogspot.com/Market Sectorshttp://marketsectors.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-4878316162397365683.post-91942802831366821302012-01-11T14:31:28.689-05:002012-01-11T14:31:28.689-05:00Time to sit back and see which way it goes. Update...Time to sit back and see which way it goes. Updated /DX charts;<br />Showing rise and topping wedge - http://www.tafool.com/Charts/usd01111260mGapChart.png<br /><br />And the fall out of the topping wedge inset of a EUR/USD chart:<br />http://www.tafool.com/Charts/usd01111260maGapChart.png<br /><br />Small possibility that the rise is not over and a small blow-over of the large wedge could occur. I hope not, went long E/U with stop below $1.2660.TAfoolnoreply@blogger.comtag:blogger.com,1999:blog-4878316162397365683.post-55671884779506121982012-01-11T10:30:02.597-05:002012-01-11T10:30:02.597-05:00It's hard to disagree too strongly with you si...It's hard to disagree too strongly with you since it's hard to develop a high confiidence wave count for the dollar and euro at this point. But the series of higher highs and higher lows in the dollar define the uptrend and I'm sticking with that for now. Today's strength suggests another dollar bottom is in, in my opinion. But we'll see.PrincipleAnalysis_Blogspot_Comhttp://principleanalysis.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-4878316162397365683.post-81249315170935480942012-01-11T01:21:44.833-05:002012-01-11T01:21:44.833-05:00If one is bullish the dollar, what if that gap you...If one is bullish the dollar, what if that gap you illustrate is serving as a "gap of recognition" for a sustained move higher? In that case, any retracement would hold the ascending yellow trendline on your chart.Doubleugnoreply@blogger.comtag:blogger.com,1999:blog-4878316162397365683.post-66939323109171317252012-01-10T17:50:52.252-05:002012-01-10T17:50:52.252-05:00I would differ a bit in that at least a temporary ...I would differ a bit in that at least a temporary top in the USD (via /DX) has occurred. I like to trade the /DX gaps and have done well by it. Here is my latest /DX gap chart http://www.tafool.com/Charts/usd01101260mGapChart.png That big lower gap is the only valid remaining open one. Higher up is a tiny one but I place no credence in that one. If the wave 2 up should be a deep one it could get filled. 81.63 - ~81.65 is the range. Currently short E/U for this expected rise but plan to flip long for the lower gap fill.<br />TAfoolTAfoolnoreply@blogger.com