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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
I have a suspicion the cancellation was because the voting in German parliament tomorrow
on the n.th EFSF extension may not find majority. Then the thing EUR north is called off
even rumors of FED QE3 ( which I think are only issued to put pressure on EU but aren't substantial) would not help. No one will want to own EUR then no matter how bad USD is.
Perhaps that is what FED wants , who knows.
was looking at weekly chart, since I have maintained that weekly has been long since june last year..all data approx.
thru the trend line of last january...and up with 2/12 corrections...the 1/2 being the extended correction
from 9/4...now reversing back north after the record breaking poli-economic news.....with so much energy given now to the problems, I believe the market will sense near solutions and continue the trend north..with 4253 within a few more weekly bars and then more options, such as consolidation, short retrace, what not, briefly until trek north begins for 46xx..until 50xx and poke on thru to 1.6000..
but more certain of 4250 area.. one point to consider is that when you describe fading...big daddy trend rules not 4 hr.....since first of month has gained 800 pipos...
what you think, maestros..have been posting to AL couple of times about my trend ideas..
consider...
meanwhile usd/chf 8888 shorts holding and lost 30+ on euro lately..but looking to make some pips
coming up....need help from sub.dave cat, digi..(wow) et all..
shout to TZ..and Nigel
http://www.johnmauldin.com/outsidethebox/things-that-make-you-go-hmmm1