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    • Flynchenberg replied Sep 13, 2011

      Is this it? — Hi, 1.3726 is 38% retracment of wave 2, so it is typical for price to finish ABCDE triangle and start to develop impulsive wave 5. Slighty different pitchfork on chart: Black one is regular one, blue one is Schiffs mod. ...

      Spider's Den
    • Flynchenberg replied Sep 13, 2011

      HI, I'm still waiting for wave 5 to develop. As I said before, because wave 2 was simple ABC correction, wave 4 should be complex correction. So far we got ABCDE triangle. If it is, then wave 4 might have been finished @ 1.3709 (E) and now we should ...

      Spider's Den
    • Flynchenberg replied Sep 13, 2011

      Italian auctions: Sold Euro 3.865 bln Sept 2016 BTP , yield 5.60% Written by Joe Brown September 13, 2011 at 09:19 GMT Bid to cover ratio 1.279, average yield 5.6%. Some what worse than expected with higher yield and lower cover giving the EUR/USD a ...

      EURUSD
    • Flynchenberg replied Sep 12, 2011

      Looks like China is to save everyone.... forexlive: A quick pop from the 1.3570s to 1.3624 on a Bloomberg headline that Italy is in talks with China;s sovereign wealth fund to buy Italian bonds. China’s been buying this crap for more than a year…why ...

      EURUSD