Thursday, August 1, 2013

UJ Corrective mess resolving?

First There is no resistance on today's impulsive move up -- a very bullish sign. The corrective mess showed a strong up and down move (A/B) and nice breakout- typical accumulation move-- Looks like 100 and 100.81 are the two levels to watch. The price high today- bled me of any "nested" counts that would resolve bearish. or continue... EURNZD- made similar consolidation or "corrective mess" before moving up with powerful move from 1.64