The markets can handle some uncertainty, but the lead-up to the Fed’s eventual announcement on tapering may be stressing the system
Tuesday, August 7, 2007
Higher, but approaching a top
Key Levels: 1.3725 top of wave i
Anticipate still higher prices.
I expect additional upward follow-through in a series of fourth and fifth waves to complete the rally sequence from 1.3608. In the process a new high above 1.3853 should be established to fulfill minimum expectations, the complete retracement of the corrective setback from that high.
Al yaqen's
yaqen.canteen@gmail.com
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