Now actually I realize the better way to draw fib retracement when you have a spike is to use the closing price, not low (in this case). Don't have time to post new chart right now. But zone is basically same area. 13296 - 13429.

Cable Update (GBPUSD)

Now for all the ones who are also watching the Dow - where is resistance? Looks to me right in front of us 50% - 61.8% retracement zone. Also when the Dow / S&P futures gap up overnight from previous close there is a high% (something like 65%) the ...

Cable Update (GBPUSD)

It does? Thats news to a lot of others who believe it means: a. Containing, involving, or expressed as an exponent. b. Expressed in terms of a designated power of e, the base of natural logarithms Don't see UP mentioned. Exponentials can be negative ...

Cable Update (GBPUSD)

MW, That is how I see the short and long term although I like the 240min chart. I'd post charts but have to do later. Sun

Elliott Wave Counting with EG

He still doesn't get it. So I just sent him a short but sweet PM and now have added him to my ignore list. Funny thing until now have never used that feature before.

Cable Update (GBPUSD)

No, it wasn't what I said. But I am leaving it at that. Warper and myself are not communicating on a level where we both understand each other.

Cable Update (GBPUSD)

CHARLOTTE, N.C., Aug. 22 (UPI) -- Bank of America Corp. has agreed to buy $2 billion of stock in embattled U.S. mortgage giant Countrywide Financial Corp., a published report said Wednesday.

Cable Update (GBPUSD)

Hey I'm here - one of the FF "hedge funders. Yuck, yuck. Spent the day smacking a little white ball around the hills of Upstate NY. Four!!!

Cable Update (GBPUSD)

MW, Think you are missing data because although there is a breakdown of support I don't have a gap area for that period. Sun

Elliott Wave Counting with EG

Looks lower.

Cable Update (GBPUSD)

I don't think following EW has to be broken down to the lowest and highest levels of wave counts unless one is trading all the different timeframes. Just one level above and below the timeframe one is trading. In other words if someone is trading ...

Elliott Wave Counting with EG

NEW YORK, Aug 21 (Reuters) - Federal funds traded at 4.875 percent in the open market on Tuesday, falling sharply below the 5.25 percent target rate for overnight money set by the Federal Reserve. The drop comes in the wake of the central bank's ...

Cable Update (GBPUSD)

More on Countrywide from thestreet.com Shares of Countrywide Financial are 10% higher Tuesday after reports in the Wall Street Journal that billionaire investor Warren Buffett could be interested in parts of the company if they are sold. The Journal ...

Cable Update (GBPUSD)

Its now become either hyper-speed or donkey-speed. Yawn.

Cable Update (GBPUSD)

If by tomorrow's close in the Dow it hasn't taken out resistance of 13200 area ( +/-100) then look out below. And so goes the Dow so goes a lot of others.

Cable Update (GBPUSD)

I am not big on triangles but on 60m one is forming with the focal point coming soon.

Cable Update (GBPUSD)

Dodd is like you, a Democrat.

Cable Update (GBPUSD)

Don't think logically, which is, don't think what should happen. Only what is happening here and now. Because if you think what "should" and it doesn't, then where will you be.

Cable Update (GBPUSD)

Thats what I got and some means some. Berk/Hath has $50 bil. Microsoft has a big pile of cash too.

Cable Update (GBPUSD)

Briefing.com: M&A: Buffett's Berkshire Hathaway reportedly may use some of its ~$50 bln cash pile to buy parts of Countrywide Financial; LSI sell mobility products biz to Infineon for $450 mln

Cable Update (GBPUSD)