MESSAGE FROM JACKO 453

It is 1.00am NY time Monday September 28 and the market is at 1.4592

I am back after a beautiful week cruising the Mekong River in Vietnam and Cambodia. Not a computer or cell phone all week. I just arrived back in Hong Kong so I have a backlog of work in front of me.

But more importantly, lets get back to trading and making some money. I see the market rose as high as 1.4843 and is now retracing. The question is: Has the market peaked and is this a retracement... OR... has the market trend changed direction on the 4H charts?

I have my charts open to 300 periods of the 4H time frame.
The Resistance line. By linking up the highest points on the 4H chart from 1.4843 (Sept 23) , and 1.4802 ( Sept 24) and 1.4719 (Sept 28) we can see that the Resistance line is currently at around 1.4650.
The Support line By linking up the lowest points on the 4H chart from 1.4045 (Aug 18) and and 1.4177 (Sept 2) and 1.4253 (Sept 4) we can see that the Support line is currently at 1.4400.
The 50% Fib line The nearest 50% fib is from 1.4045 (Aug 18) and 1.4843 (Sept 24) and is at 1.4445.

I am going to watch this a little longer to get my trading into the feel of the market. I may watch the London session to get into synch with it.

Edit 3.00am NY time Market is at 1.4620 It looks like London may take the market up in the first hour or two. I am gradually getting through the backlog of emails and Fund work and watching this market with interest

Edit 8.00am NY time Market is at 1.4645 As expected, London took the market up. It rose as high as 14664. My Resistance line outlined above was a little sloppy. It is a steeply sloping Resistance Line and at 1.00am NY time it was at 1.4700. The Resistance Line at the present time is at 1.4690. I am still getting back into the feel of the market, but it is feeling weak. However, I would expect it to move back up to the Resistance line again and then bounce down.

Edit 12.20pm NY time Market is at 1.4666 Market is still moving up to the Resistance line area. I am getting itchy to trade but want to see what the market is going to do at the resistance area.