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golhuntsleep · 03-05-2007, 17:35

Sorry, I don't see any of those to be reversal of long term trends...I do see it as a correction. 1 or 2 announcements do not make the currency turn in the long term, it is a series of events and announcements...so if your predicting long term trend reversal, you'd either need a GOOD elliot wave count or pile on a BUNCH of economic announcements with a couple world events to mix in......

03-05-2007, 17:35	#7
golhuntsleep level 2 Join Date: May 2006 Posts: 602 Downloads: 0 Uploads: 0 Rep Power: 3	Re: Trend Reversal Prediction Sorry, I don't see any of those to be reversal of long term trends...I do see it as a correction. 1 or 2 announcements do not make the currency turn in the long term, it is a series of events and announcements...so if your predicting long term trend reversal, you'd either need a GOOD elliot wave count or pile on a BUNCH of economic announcements with a couple world events to mix in......