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.

81

Find and fulfill your destiny... I'd like to think Jim and the market both did that today.

And the VIX breaks further down as complacency, just like demand for stocks and risk assets, just keeps getting 'moar' and 'moar'...

http://slopeofhope.com/2013/01/market-fear-at-new-lows.html

'It's different this time!' Yeah, uh-huh.

http://www.zerohedge.com/news/2013-01-18/applesoft-no-it-was-not-different-time

I encourage everyone to do a full workup on today's ABCD area. The confluence was beyond imagination, to me. All the action lately, for that matter. Do the work. If you look at an area and find that you aren't feeling 'I can't believe that', you don't have it all on there, and you need to keep working. It's like almost every turn is at a spot that could qualify for the 'well-chosen example' hall of fame. I can't get over how it's been acting lately.

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