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vsampier · 03-05-2007, 19:05

FXHolic,

I agree with your assessment. Based upon certain timing factors, and chart indications (not indicators - but chart indications), I believe EUR is in a Mid-term correction to the recent upthrust which peaked on 4/27.

Timing and chart indications suggest current correction should last at least through 5/26-5/31 period. At that point correction to the recent upthrust may not have fully completed in which case it will continue until 7/13-7/18 period.

On the other hand, if correction completes during 5/26-5/31 period, then upthrust will resume at least until 7/13-7/18 period.

These mentioned time periods are key periods.

Let's see what happens - time will reveal if this analysis is correct.

03-05-2007, 19:05	#9
vsampier level 1 Join Date: Jun 2004 Posts: 18 Downloads: 0 Uploads: 0 Rep Power: 0	Re: Trend Reversal Prediction FXHolic, I agree with your assessment. Based upon certain timing factors, and chart indications (not indicators - but chart indications), I believe EUR is in a Mid-term correction to the recent upthrust which peaked on 4/27. Timing and chart indications suggest current correction should last at least through 5/26-5/31 period. At that point correction to the recent upthrust may not have fully completed in which case it will continue until 7/13-7/18 period. On the other hand, if correction completes during 5/26-5/31 period, then upthrust will resume at least until 7/13-7/18 period. These mentioned time periods are key periods. Let's see what happens - time will reveal if this analysis is correct.