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Walt Downs wrote:
> To Rick Ratchford and RT'ers,
>
> Many of my systems are calling some pretty wild lows
> for the foreign currencies.
>
> Before this can happen, the Dollar is going to HAVE to
> give up some of its gains, especially against the YEN.
>
> With that in mind, Rick, I wonder if it would be possible
> to see some FDATES for the YEN and the DOLLAR.
>
> Regards,
>
> Walt Downs
> CIS Trading
Hi,
In respect to the dollar/mark and the dollar/SFG, both of these charts
are revealing extremely well and accordingly to my forecasts. With
regards to time, Today is a TimeDay for dollar/mark. I gathered that
you are in short-term tradings. So, I will probably long dollar/mark at
the low of today's range. Specifically, I will look for entry at around
1.8600 - 1.8690. The TimeDay turns out quite well for the dollar/mark
as it is making short-term retracement right now: Good opportunity to
long the market! Wave counts also double confirm this retracement. As
of today, they are in the process of forming Wave 4. I long
dollar/mark at 1.7870 and still trailing. I don't trade short-term so I
will forget about this setup....but still a nice setup for the
scalpers. In larger degree, the dollar will have to complete it's fifth
of the Wave 3 before calling for a larger retracement. In other words,
the dollar's intermediate move will still be trending up. By the way,
TimeDays is also Rick's creation.
Have a good one
Jeff Harteam
HongKong
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