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CURRENT MARKET TREND: Up 5/27/16 @ 2090
Stop-loss 2026






Saturday, November 5, 2011

Not Entirely Bearish

I've been watching some setups on the EUR and AUD and they are telling me there's more left in this bull run. Both are highly correlated to equity prices. Behold THE CHARTS!

AUD/JPY looks like it's putting in a consolidation before the last push higher in what would be a 5 wave C wave up. Targets for e of B and C are on the chart.

Similarly, under this count, EUR/USD has room to test 1.39300 with possibility of reaching over 1.40. I will be keeping an eye on these charts Sunday night to see what they are saying.

I am not talking my book here since I'm short 500K EUR from 1.38800 and have IWM puts.

Peace,

Jim

3 comments:

  1. yo nice charts,audjpy does look like an ihs,and that bear flag on euro is too obvious

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