Current Trading Positions for EURUSD240 (EURUSD240) Daily on 14-Jun-2007

* A Primary degree trader (hold positions from months to years), would currently be shorting this market. The probability of this Target Area being correct is 82.0%. However, the random probability of this Target Area being correct is 65.0%. So the true probability of this Target Area being correct is 26.2% better than random.

Extensive Elliott Commentary for EURUSD240 (Daily) on 14-Jun-2007 with three incomplete patterns:

Wave B of the Minor degree inverted Flat with a rating of 99.5 is expected to complete in the price range 1.2999 to 1.3443, but more probably between 1.3297 and 1.3414. This wave is due to complete anytime from now until 05-Jul-2007, but is most likely to complete before 16-Jun-2007.

After wave B is complete, expect the market to continue up into wave C, which should be a five wave Impulsive pattern. Expect wave C to retrace wave B by 86% - 173%. Wave C can also be expected to be 102% - 173% of the price length of wave A. The expected time for wave C to complete is 66% - 296% of the time taken for wave B to complete and 122% - 424% of the time taken for wave A to complete.

Wave (B) of the Intermediate degree Flat with a rating of 84.7 is expected to complete in the price range 1.3593 to 1.4194, but more probably between 1.364 and 1.3868. This wave could complete anytime between now and 22-Mar-2008, but is most likely to complete sometime between 28-Jun-2007 and 20-Sep-2007.

After wave (B) is complete, expect the market to continue down into wave (C), which should be a five wave Impulsive pattern. Expect wave (C) to retrace wave (B) by 93% - 176%. Wave (C) can also be expected to be 109% - 176% of the price length of wave (A). The expected time for wave (C) to complete is 59% - 248% of the time taken for wave (B) to complete and 117% - 379% of the time taken for wave (A) to complete.

Wave X of the Primary degree inverted Double Zigzag with a rating of 90.2 is expected to complete in the price range 1.2867 to 1.354, but more probably between 1.3047 and 1.3384. This wave is due to complete anytime from now until 25-May-2008, but is most likely to complete before 13-Sep-2007.

After wave X is complete, expect the market to continue up into wave Y, which should be a three wave Zigzag pattern. Expect wave Y to retrace wave X by 177% - 381%. Wave Y can also be expected to be 102% - 381% of the price length of wave W. The expected time for wave Y to complete is 75% - 287% of the time taken for wave X to complete and 66% - 226% of the time taken for wave W to complete.


Current Analysis Settings:
Analysis Date Range: 02-Jan-2007 to 14-Jun-2007, Label Range: 7 - 30, Preferred Count Labels: 22, Min Rating: 75, Stocks toggle OFF, Bias Towards Beginning of Data: 8, Bias Towards Major High/Low: 8, Largest Degree Wave Filter: Any Pattern

Analysis were made using the Refined Elliott Trader software..
http://www.elliottician.com/product-...an-system.html