Seems to me, Daytrader74 sometimes did not clean his ball before looking into the future.

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Nobody has a crystal ball; however, history repeats itself so does the market. Regarding the crystal ball, Daytrader74 may have one inside his portable toilet.

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Eric, Very nice analysis. I like the way you described the current Aussie movement with a "trapping" concept. The parity is significant because it is the initial Fibonacci number; however, it is not a rigid line. The law of the market gives it ...

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Since then, Aussie has been taking a shower on an uneven shower pan. What's next?

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When I posted this message, there was a shower head image in my mind.

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How do you think? Isn't Australia located to the South of The U.S.?

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Hi FTX, I did not see your posts for about two weeks and was wondering what happened to you. Nice to "see" you again. FYI, I started my management business recently as scheduled.

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Hi Daytrader74, have not seen your posts these two days. How is everything? I was not on that bus loaded of bulls. Instead, I was busy to check in a lot of bears. They had a day of victory yesterday.

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A long red candlestick crossed below SMA-55 on my M5 chart. Airborne bears touched down at the double-top.

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M5 Chart - Double tops with a shooting star on the top of each "top". This is what I see.

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M15 chart - One shooting star confirmed by one Doji each side. Do you see what I see? Hookem28, your bear flag is closed.

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Usually, the waves conforming to the larger degree wave movement in a triangle tend to move swiftly and brutally. This coming action may wake you up, if you will.

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Aussie is very likely in an expanding triangle now. A bear flag is a component of the triangle. Why am I strange?

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Airborne Bears are closing in. Hurry up bulls! Bus will be leaving in a few minutes.

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ANNOUNCEMENT: (Part II) May I have all bulls' attention please. There is only one bus left before the Parity Station. Please discard all your luggage to make more room for other bulls. Airborne Bears are visible at distant horizon now. Manager, ...

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Now, watch out for the falling rocks!

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I agree with you at this point. After consolidation, Aussie shall move up to bring more bulls with her for a nice trip to the deep South.

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Based on current chart pattern, Aussie will drop at least one more time before she rises again. Whether or not she will touch the parity is still remained to be seen.

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It's always possible. It was my personal view but nothing personal.

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1.00287 is the daily low and probably the weekly low as well.

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