3309 Drysdale Ct
Edwardsville, IL 62025
McHugh believes that the $USD will bounce back to the shelf at $81-$82 area and then a sharp plunge should occur. He shows that plunge to be Wave 3 of 5 down. (I'm exerpting from his weekly market forecast from his weekly chart.)
Unless I misunderstand something obvious, a sharp plunge in wave 3 down would be bullish for the markets, not bearish. Right?
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McHugh believes that the $USD
McHugh excerpt (2:09 p.m.)
Posted by Peridot on 8th of Feb 2010 at 04:12 pm
McHugh believes that the $USD will bounce back to the shelf at $81-$82 area and then a sharp plunge should occur. He shows that plunge to be Wave 3 of 5 down. (I'm exerpting from his weekly market forecast from his weekly chart.)
Unless I misunderstand something obvious,
Posted by junkie on 8th of Feb 2010 at 04:19 pm
Unless I misunderstand something obvious, a sharp plunge in wave 3 down would be bullish for the markets, not bearish. Right?