Posted by vnathwani on 18th of Mar 2010 at 11:45 am
Your right. It must be the Greece thing doing it. Commercials
are near record short on Euro which doesn't necessarily mean a
bottom but it should also help to put a floor under the Euro of
around 1.34ish
Posted by hurricanemalta on 18th of Mar 2010 at 12:01 pm
Also could be the end of wave 4 correction for the dollar index
and now on the way to breaking out of the consolidation...(NOT
occurrred yet so maybe was still just an ABC off the
lows)79.50 on the $USD held and now moving off..yesterday
bullish harami on the daily index chart...maybe this is the
move to start wave 5 up...too early to tell but it definitely was
at one of the points that it logically had to get
going.Now we will see if it has staying power...so far the move
looks good up 72 cents today...go greenback...despite Bernanke's
actions this thing is trying to rally.Maybe if Volker took over it
would go to the moon with a bit of Volker fiscal
discipline...unlike the other lot in charge who are trying to
destroy it!
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Your right. It must be
Euro getting whacked
Posted by vnathwani on 18th of Mar 2010 at 11:45 am
Your right. It must be the Greece thing doing it. Commercials are near record short on Euro which doesn't necessarily mean a bottom but it should also help to put a floor under the Euro of around 1.34ish
Also this could be the end of wave 4 correction for the dollar index .
Posted by hurricanemalta on 18th of Mar 2010 at 12:01 pm
Also could be the end of wave 4 correction for the dollar index and now on the way to breaking out of the consolidation...(NOT occurrred yet so maybe was still just an ABC off the lows)79.50 on the $USD held and now moving off..yesterday bullish harami on the daily index chart...maybe this is the move to start wave 5 up...too early to tell but it definitely was at one of the points that it logically had to get going.Now we will see if it has staying power...so far the move looks good up 72 cents today...go greenback...despite Bernanke's actions this thing is trying to rally.Maybe if Volker took over it would go to the moon with a bit of Volker fiscal discipline...unlike the other lot in charge who are trying to destroy it!