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User: sean
Last Post: March 2, 2010 ET
Posts: 3 (0 by Member, 3 Anonymous)
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@Mo

What crystal ball are you using to forecast 1.36 in AUDNZD? Why not aim for a round 1.4000 instead?

Hi Ashraf

It's me again. Just wondering what is your take on the 2-month cycle. Frankly, the market is really discounting all bad news and still rising when news are "not as bad" ...especialli in AP and Singapore market, it seems that many institional funds are coming in, pushing stock prices higher. Even many penny stock prices have increased 30-50%

best rgds
Sean

Hi Ashraf

I tend to agree with your analysis - however, the market really does seems to have legs! Bad news are discarded while any released data that simply falls less than predicted is able to bring up the market. More "experts" are declaring the worst over.... Do you still think it will be June / Oct (why Oct ?) for a low to appear ? 2 months from 13 March would be mid-May.

best rgds
Sean