That's the best wave count I can get for the euro.
If wave 3:3 is going to be at least as long as 3:1 we won't see any significant corrective move down, on a daily timeframe, until the area around 1.3440 is hit.

Watching for anything...

They keep gearing up for the pop, then 'uncoiling'. This thing is so pent up now it's just crazy.

Okay, they sweep it down first. Will this be the 'fail' and sustained downtrend, or just a trap, and now they sweep it up? I'm still watching for that 'fail', but who knows. When it's this sleepy anything can happen.

'Fail' is looking better. Right at the point it looks better, though, is usually where they come in and 'teach the shorts a lesson' for the umpteenth time. Let's see.

This kind of slow, non-volatile action for hours and hours just makes me want to scream.

i think that's the idea......lull everybody to sleep and then move?

jim, isn't there a way to measure fibs in time?

Hmmmm, SF houses rose at the fastest pace in 25 years. Great. They never learn. I heard Phoenix rose by I think it was 25% in the last 12 months, and another place, my memory fails me, was another huge jump. Time to get that bubble going again.

rat, I'm not sure what you are asking. Many programs allow one to do the same thing with time Fibs as price, so you could do retracements, projections, and so on. I have found a lot of the same principles can be applied for time as for price, as far as Fibs. Does that answer it?

Originally posted by rat89

jim, isn't there a way to measure fibs in time?

yes.....I was just wondering whether you've ever worked with it...the way price is basically standing still while chewing up time has me wondering what the game is here

Originally posted by jimkane

rat, I'm not sure what you are asking. Many programs allow one to do the same thing with time Fibs as price, so you could do retracements, projections, and so on. I have found a lot of the same principles can be applied for time as for price, as far as Fibs. Does that answer it?

Originally posted by rat89

jim, isn't there a way to measure fibs in time?

in the context of knowing the odds of closing at an extreme on an opex friday you had to kind of expect a midday low and squirt up into the close....fib city at the low too