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Archive for September, 2011

Buying Opportunity or "Free Fall" Ahead? Free Report Expires Soon

Friday, September 30th, 2011

Time is running out to download Bob Prechter’s FREE report that will help you put these uncertain markets into perspective. You’ll be better positioned to protect your investments when needed and prosper when opportunities arise.

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Daily Forex Analysis – September 30, 2011

Friday, September 30th, 2011

GBPUSD Analysis.
GBPUSD’s rise from 1.5327 extended further to as high as 1.5715. Support is at 1.5500, as long as this level holds, uptrend could be expected to continue and the target would be at 1.5800 area. However, a breakdown below 1.5500 will indicate that a cycle top has been formed at 1.5715 on 4-hour chart and the rise from 1.5327 has completed, then the following downward move could bring price back to test 1.5327 previous low support.

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Did the Past 7 Weeks of Rally Lull You to Sleep?

Thursday, September 29th, 2011

By Elliott Wave International

Bear markets are cunning beasts.

Don’t get me wrong — we are not in the bear market territory yet. At least, not officially.

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Daily Forex Analysis – September 29, 2011

Thursday, September 29th, 2011

USDJPY Analysis.
USDJPY moved sideways in a narrow range between 76.09 and 76.95. As long as 76.95 resistance holds, one more fall to re-test 75.96 previous low support is still possible, a breakdown below this level could signal resumption of the longer term downtrend from 85.51. On the other side, above 76.95 will indicate that lengthier consolidation of the downtrend is underway, then further rise towards 77.85 could be seen.

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It’s All the Same Market in a Deflationary Environment

Wednesday, September 28th, 2011

By Elliott Wave International

On September 22, the Dow and S&P opened down over 2.5%. Oil was down, copper was down, and even GOLD was down sharply. Watch this video excerpt from Robert Prechter’s special video issue of the August Elliott Wave Theorist where he explains what is causing diverse markets such as these to move together in today’s environment.

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Daily Forex Analysis – September 28, 2011

Wednesday, September 28th, 2011

AUDUSD Analysis.
AUDUSD has formed a cycle bottom at 0.9622 on 4-hour chart. Further rise to test the resistance of the downtrend line is possible, as long as the trend line resistance holds, the price action from 0.9622 is treated as consolidation of downtrend, and another fall towards 0.9000 is still possible. On the upside, a clear break above the trend line could indicate that the fall from 1.0764 has completed at 0.9622 already, then the following uptrend could bring price to 1.0400 area.

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Daily Forex Analysis – September 26, 2011

Monday, September 26th, 2011

USDJPY Analysis.
USDJPY stays below a downtrend line on 4-hour chart, and remains in short term downtrend from 77.85. As long as the trend line resistance holds, downtrend could be expected to continue, and on more fall to test 75.96 support is still possible, a breakdown below this level could signal resumption of the long term downtrend from 124.16 (2007 high). On the other side, a clear break above the trend line resistance will indicate that the fall from 77.85 is complete, and lengthier consolidation of the longer term downtrend from 85.51 is underway.

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Read Excerpts From Robert Prechter’s Newest Theorists in This Free Report.

Saturday, September 24th, 2011

Bob Prechter has just released a FREE report — with urgent analysis from his August and September 2011 Elliott Wave Theorist market letters. It will help you put these uncertain markets into perspective so that you’ll be better positioned to both protect your investments when needed and prosper when opportunities arise.

Read your free report now.

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What Personality Type Makes the Best Trader?

Friday, September 23rd, 2011

By Elliott Wave International

Do your decisions rely on data, or do you go with your gut?  
Think about your most recent auto purchase. Was it based on meticulous consumer research or did you go with a model that "felt right"?  
How about the last time you had to assemble something? Did you read the manual first or just figure it out as you went?  
What about your most recent successful stock market trade?

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Daily Forex Analysis – September 23, 2011

Friday, September 23rd, 2011

EURUSD Analysis.
EURUSD broke below 1.3499 support and reached as low as 1.3386. Further decline would likely be seen in next several days, and next target would be at 1.3200 area. Resistance is at 1.3600, only break above this level could indicate that a cycle bottom has been formed at 1.3386 on 4-hour chart, and lengthier consolidation of downtrend from 1.4548 is underway, then further rally could be seen to 1.3800 zone.

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