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Donald Thompson wrote:
> Jeff Harteam wrote:
> >
> > Greetings Traders:
> >
> > The 'kiss & goodbye' of the Dec Yen and the Dow. Subsequent move can be
> > substantial. Regards.
> >
> > Have a good one
> > Jeff Harteam
> > Hong Kong
>
> Jeff, Nice observation. I don't follow currancies. Why now the Yen
> making such a pattern? It is very bullish..
>
> Don Thompson
Hi Don:
The current situation in the cash market (USD/YEN) is that we're currently at
the beginning of Wave C of the Corrective Wave 4. If I'm correct in regards
to my interpretations, the wedge I just shown was the Wave B. The minimum
target of the pattern implies that the USD/YEN can conceivably reach the
110.00 level or more ( currently the level is at the 120.00 levels) easily.
I've been waiting for this setup for months. Hope it turns out the way I
expected :) Regards. Nice to 'hear' from you again!
Have a good one
Jeff Harteam
Hong Kong
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