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15 Posts Total by "fxtrader8":
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fxtrader8
(California, United States)
2 Posts by Anonymous "fxtrader8":
 
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fxtrader8
California, United States
Posts: 13
14 years ago
Jan 15, 2010 1:33
In Thread: EUR Trade Index 18-Year Chart
Mr Laidai,

The eclipse you mentioned in your last post was a solar eclipse towards end of July 09. It also took place over China -- and the SSE composite did drop from 3400 at beginning of August to 2650 -- other markets were not as effected -- well let's see what happens this time. :)
fxtrader8
California, United States
Posts: 13
14 years ago
Jan 14, 2010 23:38
In Thread: EUR Trade Index 18-Year Chart
Oh and I forgot to mention that tomorrow is a New Moon... so combine that with a solar eclipse and were looking for a major trend change in all markets (ie self off in risk). S&P 1160 will be critical level for more topside, Vix at around 17, Gold and Oil look toppy also so it's the perfect storm. listening to Kramer right now and he's talking about selling chinese stocks (overvalued according to him). Next 72 hours will be interesting.
fxtrader8
California , United States
Posted Anonymously
14 years ago
Jan 14, 2010 22:09
In Thread: EUR Trade Index 18-Year Chart
Hi folks,

We all like to use Fundamentals, and Technical Charts to navigate in and out of the markets but tomorrow an important event takes place -- a solar eclipse over Asia, Middle East and Africa. Maybe it's just coincidence but the Vix is back to the lows, commodities and still trending higher and dollar is still under pressure - and it seems there are less and less bears out there. So watch the effects of the eclipse in the financial markets in the next 48-72 hours as the planetary influence of the eclipse could be a trend changer in the opposite direction. Since the Sun rules governments watch out for some negative news out of the regions mentioned above. Just be careful because in August 2008 same solar eclipse followed huge rally dollar index from all time lows. Stars, charts, and fundementals.
fxtrader8
California , United States
Posted Anonymously
14 years ago
Jan 8, 2010 5:19
In Thread: Where do you see Gold by year-end?
Your right based on channel support $800 would be right. Even at elliot wave international their analyst target this price level. The USDX also is in the process of a multi month rally which based on Elliott Wave analysis targets the index to hit over the march 09 highs. In my opinion the USD might have "the best of both worlds" like Hannah Montana. If US economic fundamentals continue to be strong the dollar rallies with higher rate expectations and if risk aversion comes back to the market the there is no better ark than the USD.
fxtrader8
California, United States
Posts: 13
14 years ago
Jan 8, 2010 5:05
In Thread: Where do you see Gold by year-end?
VOTE:Under $1000

I am basing my forecast on the fact that I feel the USD dollar selling is over done and I see a very large turnaround in the USD which will ultimately take the air out of Gold. Longer term gold will move higher but not before hitting the $700 oz level.
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