DislikedAfter having the worst trading week I have ever had I am still skeptical. With 17 days left in this month and the Big boys getting ready for their 6 month vacations I can not help but think we will be turning up soon. One only needs to look at the Monthly and see the UTL has barely been breeched, and we could still see a long term bounce here. The Daily and 4 hr are showing signs of Double bottom type formations. I want to congratulate those who stuck with the downers and I will chalk it up under the definition of trading. Time will tell and I am...Ignored
Hi NENE,
this my view too. and this is the cause why I went long now.
on the previous down move to 1.447x I did not go long because I was sure it will be here again soon. and this happened today so I started to build long term positions.
Another thing that proves my decision is the Dollar Index.
it found a resistance at 78.6% level from 1 March 2009 high to 22 Nov 2009 low. so it is a good probability for a trend reversal.
Good Luck Neen.
Take Care
TA TA
All: this my personal view only. don't follow me.