Posted by jdaswani on 15th of Dec 2011 at 10:54 am
Friends, Interesting chart for you to monitor. I am eying a
bounce in the Euro which could help setup the right shoulder on
USD, shorter term. You will notice a close below the lower BB/Close
back within has produced nice bounces in the Euro. It has closed 2
days below the lower BB and is slightly outside of it today as
well. Seems of late, the Bears are occupying wall-street. Now that
the elf's have vomited there hopium, Santa may come to town.
Very nice indeed. It seems that a close below the lower BB often
gives a test of the upper band and thats a really big move. (Would
be interesting to se some statistics on that).
I thinks its time for the cavalry to come back again. Last time
was November 28 with the coordinated central
bank intervention. Fed doesn't like a higher USD and the
European leaders seems to believe that a strong euro is good for
them (fools). Right now the Asian CBs are selling euro to buy own
currencies instead, but some phone calls from Fed can make a big
difference. Also IMFs Lagarde says that EU soon needs multinational
coordinated cooperation to solve the crisis. It's a cry for
help.
Euro
Posted by jdaswani on 15th of Dec 2011 at 10:54 am
Friends, Interesting chart for you to monitor. I am eying a bounce in the Euro which could help setup the right shoulder on USD, shorter term. You will notice a close below the lower BB/Close back within has produced nice bounces in the Euro. It has closed 2 days below the lower BB and is slightly outside of it today as well. Seems of late, the Bears are occupying wall-street. Now that the elf's have vomited there hopium, Santa may come to town.
Take a look at this chart
Updated Chart...As of now it
Posted by jdaswani on 15th of Dec 2011 at 02:29 pm
Updated Chart...As of now it has crept back into the BB...But barely
I commemorated your Elf Hopium
Posted by steveo on 15th of Dec 2011 at 02:17 pm
I commemorated your Elf Hopium comment in a post
This is the Elves Vomit their Hopium Box, was this a fake-out vomit, or the real thing? Maybe now Santa Come! Yeah!
These are the Post Puke Santa Rally, Bonus your Bankster Targets! Enjoy!
http://oahutrading.blogspot.com/2011/12/elves-vomit-their-hopium.html
Time for intervention
Posted by lebow on 15th of Dec 2011 at 01:17 pm
Very nice indeed. It seems that a close below the lower BB often gives a test of the upper band and thats a really big move. (Would be interesting to se some statistics on that).
I thinks its time for the cavalry to come back again. Last time was November 28 with the coordinated central bank intervention. Fed doesn't like a higher USD and the European leaders seems to believe that a strong euro is good for them (fools). Right now the Asian CBs are selling euro to buy own currencies instead, but some phone calls from Fed can make a big difference. Also IMFs Lagarde says that EU soon needs multinational coordinated cooperation to solve the crisis. It's a cry for help.
Nice chart - lets see
Posted by steve on 15th of Dec 2011 at 10:57 am
Nice chart - lets see how it closes. Should it close within the BB's you also want to see a confirmed bar higher.