Friday, October 14, 2011
Jamie’s Pick: 09/15/11
1:32 AM | 
Posted by
Forex school |
I wrote yesterday that “near term weakness may extend to the August pivot at 10110 but there is now the possibility of consolidation in wave iv back into 10300-10400. Such a rally would present the next bearish opportunity.” Elliott channel resistance intersects with former resistance at 10380 today, which is an area I like selling into if reached. Shorts are favored against the Monday high (10440).
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