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.

The 'bulls' need to be very careful here.

Very careful...

My guess is that you are referring to the ABCD on the 5 min chart (ES) to the .618 (so far). I am watching for a short..

Yes.

Originally posted by Barkley

My guess is that you are referring to the ABCD on the 5 min chart (ES) to the .618 (so far). I am watching for a short..

For the record, I enjoy having you on this thread, rather than your own :)

Okay, this one's tricky. If it gets going I'm watching around 57-58ish, but watch that GZ around 61, because this is set up perfectly for games at the GZ. And, who knows, this may be it here, this little just past the .447 drop. The 'bulls' don't want to let it go...

Thanks. I've gotten comments for both sides. I can see the upside and downside to both approaches.

Originally posted by Barkley

For the record, I enjoy having you on this thread, rather than your own :)

C'mon, just dump already.

And here come the bulls. I'd like to say and now we see what they've got, but I just can't see the bears winning even a small victory here, as much as I want them to... But, we'll see...

But to the 'bulls' credit, they are coming in dead on the most obvious, key area I am finding here...

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