Wednesday, February 3, 2010

Euro Resumes Downtrend

                click to enlarge                     
 This is a picture of a choppy corrective rally that has announced it's over with a nice 5 waves down, and  in the process, overlapping the beginning of the last leg up. Classic. However it doesn't look like we had any kind of 2 wave up, so we must still be in some expansion of the last down leg.

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