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Long position re-entered, set stop at the last low.

Sell now. Buy again if there is a higer high.

Status: Hold long "Short position" with a gambling "Long position". Scenario 1. Futures point to a higher open. Strategy 1. Wait for lower low to close long position. Scenario 2. Futures point to a Lower open. Strategy 2. Close long position at open.

Next stop: USD/JPY = 102?:confused:

Remember USD/JPY = 80? :eek:

Next stop: USD/JPY = 102?:confused: For get to attach chart, see below.

USD/JPY = 107.52

Long term investors, short term investors, speculators, day traders, scalpers. It depends on how much they can tolerate. Microwave correction = 40, 4, 8 points in the Dow, S&P and NASDAQ respectively.:p Subminuette wave correction = 100, 10, 20.:D Minuette wave correction = 200, 20, 40.:)...

Thirty minutes later. EUR/USD=1.4965 USD/JPY=107.82.:eek:

Twenty minutes later. EUR/USD=1.4931 USD/JPY=107.98

"Just buy more US goods, it's that simply", I reply to the Governor.:D Report: China wants strong dollar Governor of the People's Bank of China told Treasury Secretary Henry Paulson that China hopes to see the greenback rebound...

EUR/USD=1.4917, to be 1.5 soon, because another .25 or .50 rate cut is expected. .25+.25 = .50 so 1.5.:cool: Santa Claus's "Crude oil at $108 in early 2008" is comin' to town.:eek:

Target SPX 1350.:cool:

The Primary Wave V1]5) count is invalid now. :mad: There are two counts left: Count 1. Intermediate Wave V1]4) is going to end near the end of Minor Wave V1]3)4 which is in accord with the big "M" pattern target at 12076, 1378, 2350.:( Count 2. Dow Theory confirmation by a close below...

The chart shows an alternative count to Diagonal Triangle Type II. :confused: The Market is in Ultrawave 4)c.3:5iii.iii:iiiIII.III.:D

Minuette Wave 4)c.3:5 is ending. After that there will be a 400, 40, 80 points rebound to for the second right shoulder. Should open long position if the Market close at -100, -10, -20 and take profit next Monday. Just a gambling. If today close higher than yesterday, Subminuette wave...

Can Infrawave 4)c.3:5iii.i be a Diagonal Triangle Type II? If yes the Market should drop precipitously as Infrawave 4)c.3:5iii.iii today. If not = wrong count.

Overlapping again. Diagonal Triangle Type II? I count 5 waves, not 3-3-3-3-3 as in a descending triangle. May be I'm bias, Mup. Good charts Rob, but we have to wait until the Industrial confirm the Transport. Agree with Landis. According with Dow Theory: increase order -> increase...

New low, the fall should accelerate now.

Long position closed.