Latest News 5 July 2006:

I guess all the naysayers out there are now running for cover, given
the fall in the euro that got underway at yesterday’s London open in the
form of a 1-2-3 top. Who could have guessed?

Not even oak trees grow to the sky. Now I’m back on my theme of selling
the rallies in this downtrend. We’ve had three since then – the third
happening today, just before the London open.
Price advanced beyond the expected high of M3, and then collapsed – all
the way down to M1, the expected low. Fun, eh?

Not much oomph left in this pair, methinks. The long dumb money must be
hiding under a rock.

For more on how to read price movement correctly, please study the
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-Peter R. Bain