FXE - I know that I already posted this
earlier, but to me the Euro looks weak, gotta keep an eye on this
next week, that trendline looks weak, sort of like a complex
H&S
Posted by frtaylor on 14th of Apr 2012 at 09:18 pm
Here's a much wider look - weekly FXE, with a H&S already in
play. Red line shows measured move. Steve or Matt,
comments, critique? One problem, the two shoulders aren't
symmetrical in height or time. I'm no technician....
Euro
Posted by matt on 13th of Apr 2012 at 03:51 pm
FXE - I know that I already posted this earlier, but to me the Euro looks weak, gotta keep an eye on this next week, that trendline looks weak, sort of like a complex H&S
Here's a much wider look
Posted by frtaylor on 14th of Apr 2012 at 09:18 pm
Here's a much wider look - weekly FXE, with a H&S already in play. Red line shows measured move. Steve or Matt, comments, critique? One problem, the two shoulders aren't symmetrical in height or time. I'm no technician....
Eur/USD is notorious for disrespecting
Posted by steveo on 15th of Apr 2012 at 08:28 pm
Eur/USD is notorious for disrespecting head and shoulders.
Weekly FXE
Posted by pwb8 on 14th of Apr 2012 at 10:50 pm
If you're correct frtaylor, we could be in for a severe correction on the S&P as the dollar rockets upward.
I am no H&S technician either, so would like to hear from Matt or Steve on this.
Anything's possible, but a deep/sharp
Posted by frtaylor on 15th of Apr 2012 at 09:04 pm
Anything's possible, but a deep/sharp market correction does seem rather unlikely. Probably my read of the chart is incorrect.
sorry for posting two charts,
Posted by frtaylor on 14th of Apr 2012 at 09:26 pm
sorry for posting two charts, I wasn't able to delete my first attempt. Only difference is the 14,3,3 stochastics instead of 14,3,5.
I've been short the FXE
Posted by frtaylor on 13th of Apr 2012 at 07:58 pm
I've been short the FXE for about 10 days now, from the right shoulder.
UUP has been strong all
Posted by wowten on 13th of Apr 2012 at 03:57 pm
UUP has been strong all day but on tiny volume.
yeah UUP is not the
Posted by matt on 13th of Apr 2012 at 04:05 pm
yeah UUP is not the best thing to look at
big week for Europe coming up
Posted by mrab on 13th of Apr 2012 at 04:59 pm
some major economic indicators coming out earlier in the week, and a Spanish bond auction towards the end of the week.