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.

I did some work with just time factors, but found it's all worked in with my set work, which is a price-time balance technique. Like when you see the price at the level it turns up at, but way early, and it goes sideways until it hits the line, that's because the time factor, shown by the price-time balance line of the set, hasn't been hit yet.

So, just like price alone doesn't seem to be enough, I figured why look at time alone, and then tried to combine them. Hence, I stopped pursuing time alone and focused on price-time techniques. Time factors alone appeal to people, and I get asked about them all the time. I'm always 'suspicious' about 'great traders' who talk endlessly about time factors alone, or focus heavily on them. But, that's just my take.

thanks jim....your take is very valuable

This is surely 'interesting'. Lotsa bulls out there. Anyway, this is kind of the extreme bullish scenario I mentioned just a little while ago. I'd have to hold my nose, as roofer used to say, and try not to puke while trading this taxpayer funded manipulated garbage.

http://slopeofhope.com/2013/01/the-january-effect-by-phantomcapital.html

Originally posted by jimkane

This is surely 'interesting'. Lotsa bulls out there. Anyway, this is kind of the extreme bullish scenario I mentioned just a little while ago. I'd have to hold my nose, as roofer used to say, and try not to puke while trading this taxpayer funded manipulated garbage.

http://slopeofhope.com/2013/01/the-january-effect-by-phantomcapital.html

Interesting.

Al Kamego

This is more what I'd like to see, and what I am 'hoping' for. I'm not a strict Elliottician, but this is worth the read as long as you just try to see the gist of it. Look at the VIX chart. Look at his conclusions. It is one potential scenario.

http://slopeofhope.com/2013/01/the-case-for-a-major-high.html

one chart I'm watching here....

80+ area is going to be interesting. If it jumps over that (say 84-87, for example) it will be a monster 'throw over', which could end the immediate move. Or, it may just be a typical post Mar '09 explosive move, and we may see the rest of that 100+ points I mentioned before. The times, they are a-changin'...

Let me just quickly mention, 'it's there' already, as far as where this push could run out of gas. From this 77.75 to 81, that's a key area. But if that gives way, then I'll be watching the 'throw over' area next, in case this decides to check back like two or three ticks before it blasts another huge chunk of points.

As an aside, notice crude? On fire. Check. Euro? Up. Check. Gold. Explosive move up. Check. Dollar? Monkey-hammered, as usual. Check. Risk on. Check. Same old, same old, in this, the best of all possible investment worlds.

So, what are the chances this will respect this profound area here, and not do the massive 'throw over' of all the lines here? I'd say maybe one in four hundred billion it will respect it. The real question to me is, does it stop after the 'throw over', in other words, does the 'throw over' act as a trap, and then down a little (just a little), or does it do a truly explosive move up? The latter is seeming highly likely. But, let's see if the lines can do their work. Like I said, I think it wants those S&P all-time highs, real bad, real fast. It not only wants them, it wants them yesterday. Real fast. Just my two cents.

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