[idejan]

... the correction from 12 august from 1.2487 to 1.2122 could qualify as wave X it self. In such a scenario we will see a very decisive move up above 1.2525 to most probably arround 1.2730/50 since if this scenario is in play, most probable target zone for the wave Y of the Minor degree inverted Double 3 is between 1.2530 and 1.3167. Time to complete is sometime between 31-Aug-2005 and 21-Sep-2005.
With a lot of sluggishness this days, it is possible that some unexpected event could force the market strongly either way.
However, I still hold my view presented in previous post, keeping my mind open for possibilities.
Best to all,
ID