My opinion is we are only in (I hate when someone else does it, gets a bit wavy crazy but) wave 4 of wave 3 of C. Therefore I am looking for wave 5 bottom to complete on 60min, then look for a wave 4 on 240min and then a 5 wave on 60min to complete ...

Elliott Wave Counting with EG

This is how I see CADJPY 240min support / resistance. I look at more recent data being more important that further out:

Support & Resistance

Today volume on the Dow was almost 1bil less than friday. 2,479,365,000 vs 1,582,811,000 There will be a lot more days like this until Sept.

Cable Update (GBPUSD)

Desperate Housewives. Oh no that is Japan. Those housewives take the prize!!

Cable Update (GBPUSD)

Stocks are making fresh session lows as selling remains widespread across most areas. Bonds, though, continue to attract buyers across the curve as the rotation out of equities into the safest of investment havens intensifies following a very strong ...

Cable Update (GBPUSD)

Remember Dow has strong resistance level of 13200. Might not get there today but watch tomorrow. 48 points away right now. Don't blink.

Cable Update (GBPUSD)

Here comes break of 13000 ?

Cable Update (GBPUSD)

DOW dropping to lows of the day.

Cable Update (GBPUSD)

Yup, that is exactly why some of the Euro banks/hedge funds bought some of the sub-prime garbage. Trying to keep up with chase for higher yields.

Subprime Worries

Or more likely bad tick.

Cable Update (GBPUSD)

Old joke, "I am from Queens" response, "Well I am from normal parents".

Cable Update (GBPUSD)

Think a lot of Wall Street has headed to the beaches in the Hamptons. Maybe Hurricane Dean will make a wide turn and head there to chase them back to their desks.

Cable Update (GBPUSD)

Here is one source: Early gains have been erased as investors weigh the ramifications of the Fed stepping in yet again to add liquidity. Just after the market opened, the U.S. Federal Reserve said it [B]added $3.5 bln in reserves via overnight ...

Cable Update (GBPUSD)

DOW will face strong resistance breaking above 13200. I think it will have to consolidate gains made since thursdays bottom. So I don't see it helping other markets including cable anytime soon. It will probably pull back to 12900 or so before it ...

Cable Update (GBPUSD)

Dow futures +41 but I would look for selling early then a rebound 1015am est or later. Then who knows?

Cable Update (GBPUSD)

I don't think so. The way I see it cable it is only at wave 4 of ABC correction of move to 2.0658 - lower before new impulse wave higher.

Cable Update (GBPUSD)

I only look at the rest of the day. Oh ok maybe the next week or two and therefore think there is more lows to come. Beyond that someone else will have to guess.

Cable Update (GBPUSD)

Based on what indicator or pattern ?? Because although I don't use them I put up a MACD/RSI/Stochastic on cable and I don't see it. How about a chart.

Cable Update (GBPUSD)