RE: [RT] Re: Spot Eur/Usd, RealTraders Email List Archive

Hi Don:

Beautiful chart. Not only that it stopped dead at the expansion of the W1 ~ W2 leg; it also stopped dead at the second sliding parallel of the original 15-min pitchfork. As of now, Eur/Usd is in the process of attempting to resolve a triangle top (OR a continuation bullish triangle). From an Elliott Wave perspective, we certainly still have some downside to go on the Dollar majors. Thanks for the chart and your analytical works. Take care

Have a good one

Jeff harteam

From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx] On Behalf Of Don Ewers
Sent: Sunday, September 14, 2008 4:05 AM
To: realtraders@xxxxxxxxxxxxxxx
Subject: Re: [RT] Re: Spot Eur/Usd

Jeff,

The attached might explain the reversal this week? The downword movement stopped right near the 2.618 expansion of W1 to W2, the upper range of a W3 decline.

Interesting place where price halted (so far).

Don ewers

----- Original Message -----

From: Jeff

To: olmpc@xxxxxxxxxxxxxxx

Cc: realtraders@xxxxxxxxxxxxxxx

Sent: Wednesday, September 10, 2008 8:27 PM

Subject: [RT] Re: Spot Eur/Usd

Greetings Traders:

The second attachment is the latest update of the Eur/Usd in the 15-min time frame. As of the last write up, the Eur/Usd hit the upper Median Line of the fork and turned down. Currencies are on a very bearish posture, short on intraday rebound again. Take care.

Have a good one

Jeff Harteam

From: Jeff [mailto:jharteam@xxxxxxxxxx.com]
Sent: Sunday, September 07, 2008 4:55 PM
To: olmpc@xxxxxxxxxxxxcom; Carsten
Cc: realtraders@yahoogroups.com
Subject:

Greetings Traders:

The attached .jpgs are the Spot Eur/Usd in the 15-min timeframe. The downward sloping pitchfork covers the time from August 28 2008 to Friday’s closing (Sept 0 5 2008). Intraday Median Lines suggest the Euro against the Usd is still a down trend. The overall downward sloping pitchfork has not been violated to the upside since late August 2008. As the short-term pitchfork suggested on last Friday; we should see some strong intraday rebound, and hopefully, to the Upper Median Line; which is about -100 ppts+ away from Friday’s closing. As long as the depicted 15-min pitchfork contains price actions; short positions should be committed. Take care.

Have a good one

Jeff Harteam

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