This Elliott Wave blog is dedicated to sharing Fibonacci ratios and other technical analysis for forex signals, index futures signals, options signals, and stock signals. Elliott Wave Principle puts forth that people move in predictive patterns, called waves. Identify the wave counts, and you can predict the market.
Tuesday, October 5, 2010
Bulls Gore Bears Quickly and Control the Markets
Don't forget to download the free booklet, "How To Use Bar Patterns To Spot Trade Set-ups", for more basic technical analysis methods, like the ones I just mentioned, to add to your toolbox.
The euro made a new high, negated the possible 5 wave impulsive decline I was tracking yesterday. It looks like it will be making a charge to the 1.40 level. Again, when the euro tops, so should equities.
PLEASE NOTE: THIS IS JUST AN ANALYSIS BLOG AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. THE DATA HERE IS MERELY AN EXPRESSED OPINION. TRADE AT YOUR OWN RISK.
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