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.
Wednesday, October 26, 2011
Euro Reversal Signals Top, Stocks Might Follow
Yesterday I said I suspected the euro might charge quickly toward 1.4000 before topping and sharply reversing. That's exactly what happened. Although I got stopped out on the sharp new high, reshorted a few minutes ago because this looks like a top was put in. If so, stocks might follow soon.
Free Trader's eBook Until November 7th, 2011 from EWI
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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