yellowlion
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Dog Days EURUSD 08/01/2011
Hi All,
Welcome to the Dog Days of summer in the northern hemisphere. Dog Days are so named because at this time of year, the sun passes through the winter constellations close to the constellation Canis Major, one of Orion's hunting dogs. Canis Major is home to Sirius, the brightest star in the northern sky. The ancients believed that the sun and Sirius, in such close proximity to one another, caused the hot August weather.
For Dog Days EURUSD, A daily regression channel drawn from the top of intermediate wave iii' to the low of intermediate wave iv' bisects the old triangle apex around August 15th (we'll know the exact date a little closer on. The analyst does not want to figure this out right now
).
The triangle apex is in itself a time target always to be watched as tradeable inflection points have been known to occur at this juncture in time, not necessarily at the apex price. With the regression line as a bisector, the point becomes that much more a point of interest.
Just something we'll keep an eye on.
all the best,
yellowlion
Hi All,
Welcome to the Dog Days of summer in the northern hemisphere. Dog Days are so named because at this time of year, the sun passes through the winter constellations close to the constellation Canis Major, one of Orion's hunting dogs. Canis Major is home to Sirius, the brightest star in the northern sky. The ancients believed that the sun and Sirius, in such close proximity to one another, caused the hot August weather.
For Dog Days EURUSD, A daily regression channel drawn from the top of intermediate wave iii' to the low of intermediate wave iv' bisects the old triangle apex around August 15th (we'll know the exact date a little closer on. The analyst does not want to figure this out right now
). The triangle apex is in itself a time target always to be watched as tradeable inflection points have been known to occur at this juncture in time, not necessarily at the apex price. With the regression line as a bisector, the point becomes that much more a point of interest.
Just something we'll keep an eye on.
all the best,
yellowlion
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