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Thursday, February 10, 2011

Thursday 2/10/11 wrap up

Current ES counts:

ES hourly

ES daily


EUR/US$    
Been getting a good case of whiplash in my EUR trading since the beginning of the month, but when I back out and look at the Elliott count it appears fairly simple.  Don't know what happened to my crystal ball, may need to invest in a de-fogger.

EUR hourly

EUR hourly - zoomed in      - note the almost perfect .618 retrace of Minute W1 (green)

EUR daily

If these counts are correct, the EUR/US$ should accelerate down tomorrow.