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Wednesday, July 25, 2007

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Recently Eu just make a new low at this moment. I still anticipated the next wave is wave b or 2 and will touching at 23.6% - 61.8% fibonacci retracement area and finally compose the 1-2-3 wave formation to get a clear shortem downward. As i mention in previous analysis this is not a major downtrend according to Dollar index chart because if we look at bigger and biggest timeframe bullish still remain. If 1-2-3 formation occur it look nyce to swing until 5 [ (i),(ii),(iii),(iv),(v)] wave down. Sekian.

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