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EUR/USD = 1.7 in 2009:eek: Measured move points to this figure. A Brave Call :cool: (This thread will be obsolete by then).:D http://news.bbc.co.uk/2/hi/business/7006060.stm This is a very very very simplified equation: Fair Value USD = (Gold + Foreign Currency Reserves + Borrowed...

Stop out and quit for today. Long position intact.

The Market stalls and is vulnerable now. Short when lower low, place stop at today high.

EWMTer's position is still long. Stay long, wait for 1000, 100, 200 movement before closing long position. No opportunity for a short trade today, unless the Dow becomes negative. References: Count#1. Cycle Wave V)III ended on March 12th, 2003, and Intermediate Wave V)V1]3) has just ended...

Covered. Measured move target reached. Long position intact.

I need a new pair of glasses to see through the illusion. Is this Dow chart real? Dow ups ~3% Dol downs ~3%. How is constant dollar Dow Chart would look like. This Dow up move is not confirmed in Transport. Current EWMTer's position: Long. Futures point to weak open at a lower low...

Covered.

Target is reached. Will cover if higher high now. Long position is still intact.

Prepare to cover, if higher high.

Head and Shoulders pattern confirmed. Prepare to cover at target.

Head and Shoulders?

Shorted. Ready to cover. Target = 1/3 retracement. Stop at last high.

Aborted.

Consider short at lower low for a 30% retracement then cover. Place stop at the last high.

Exit Strategy. Suppose our Elliott Wave Minor Wave Trader was lucky enough to act on his buy signal at 13493.25 1503.68 2680.8299 13537.9503 1508.76 2688.7102, he is now looking for an exit point, which are the beginning of Minor Wave 2, 4, a or c. He looks at Intermediate Wave 4) and...

No post for today. The Market is going to answer. Act accordingly.:)

Stop out and quit.

"M" in S&P and NASDAQ. "M" versus sHs in the Dow.

Reversed Head and Shoulders in the Dow.

If stop out, quit for today.