Saturday, June 8, 2013

No Charts....

A bit perplexed- During NFP -- after new lows reached-- All the Dips were BOUGHT This means sellers exhausted and Buyers see strength. the USDJPY Pairs all stopped on perfect Bullish Cyphers 78%. (Daily Chart) Additionally we had prior to NFP new highs in GBP and EUR, also Breakout of resistance volume to higher highs on EURNZD. The next bearish Harmmonic setups are some 4-600 pips higher then Friday Close. On NZDJPY there is daily Stopping Volume- and it looks like new volume or supply on USDCHF and USDCAD. I "force fit" the GBPJPY count However- the reality is we only got three solid waves down and not an extended C wave- which does mean Three to five waves up and possibly new highs- putting the Old higher targets back on the table- as an extended B- then C down. Also the stopping Volume on AUDUSD right at a Huge Alt Bat scenario might be bullish for this week We'll have to wait and see what kind of market testing on Sun/Mon but