Tuesday, March 15, 2011

Here is an update.

I read today that the Euro is the hardest currency right now to predict.  I don't believe that because I believe in Elliott Wave Theory.  According to the weekly chart then it will go up to about the 1.42 and the down to about the 1.10 level.  The very strange part for me that is it should go back up after that to the 1.50+ level.       Finally after that it should crash below the 1.00 level.  That is the Elliott Wave Long term forecast for 2 to 5 years from now.  After 5 years studying Elliot Wave Theory then the hardest thing is to believe what I see on the charts.  At the present moment then I have learned that when I listen to news then I lose money, but when I follow my charts then I make money.........

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