I have no clue what I'm talking about.
-
Euro Set-up To Top Against Greenback Into New Year
The long-term primary pattern for the Euro versus the U.S. Dollar is bearish with the Euro having retraced less than 2/3rds of the 2011-2012 bear market - see Figure 1. It is a tenet in Dow Theory that a market can retrace up to 2/3rds of an impulse move and still maintain its overall pattern. That 2/3rds retracement level in the Euro intersects just below 1.40. Until we see successive closes above that level on a weekly basis the long-term primary pattern remains bearish. Pattern The study of market patterns is so important because they are a reflection of the dominant underlying fundamental events at that time. And ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Dec 16, 2013 5:33pm Dec 16, 2013 5:33pm
- Boy Wonder
- | Joined Feb 2012 | Status: Member | 175 Comments
- Comment #2
- Quote
- Dec 16, 2013 5:52pm Dec 16, 2013 5:52pm
- Trout
- | Commercial Member | Joined Oct 2007 | 688 Comments
- Comment #3
- Quote
- Dec 16, 2013 6:03pm Dec 16, 2013 6:03pm
- Deano9999
- Joined Jan 2012 | Status: Member | 609 Comments
- Comment #4
- Quote
- Dec 16, 2013 6:38pm Dec 16, 2013 6:38pm
- Trout
- | Commercial Member | Joined Oct 2007 | 688 Comments
- Comment #5
- Quote
- Dec 16, 2013 7:04pm Dec 16, 2013 7:04pm
- Spreadbetter
- | Membership Revoked | Joined Feb 2012 | 3235 Comments
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
- Comment #6
- Quote
- Dec 16, 2013 7:06pm Dec 16, 2013 7:06pm
- Trout
- | Commercial Member | Joined Oct 2007 | 688 Comments
- Comment #7
- Quote
- Dec 16, 2013 7:23pm Dec 16, 2013 7:23pm
- Guest
- | IP XX.XXX.110.4
- Comment #8
- Quote
- Dec 16, 2013 8:20pm Dec 16, 2013 8:20pm
- Trout
- | Commercial Member | Joined Oct 2007 | 688 Comments
- Comment #9
- Quote
- Dec 16, 2013 9:25pm Dec 16, 2013 9:25pm
- nobita234
- | Commercial Member | Joined Aug 2013 | 19 Comments
- Comment #10
- Quote
- Dec 16, 2013 9:50pm Dec 16, 2013 9:50pm
- frx_trader
- | Joined Jun 2012 | Status: Analyst | 3129 Comments
- Comment #11
- Quote
- Dec 16, 2013 11:46pm Dec 16, 2013 11:46pm
- Agungla
- | Joined Nov 2013 | Status: Member | 87 Comments
- Comment #12
- Quote
- Dec 17, 2013 5:27am Dec 17, 2013 5:27am
- Ill-b-back
- Joined May 2011 | Status: Get to the Chopper | 3897 Comments
Come with me if you want to live....
- Comment #13
- Quote
- Dec 17, 2013 9:50am Dec 17, 2013 9:50am
- Trout
- | Commercial Member | Joined Oct 2007 | 688 Comments
- Comment #14
- Quote
- Dec 17, 2013 1:35pm Dec 17, 2013 1:35pm
- Ill-b-back
- Joined May 2011 | Status: Get to the Chopper | 3897 Comments
Come with me if you want to live....
- Comment #15
- Quote
- Dec 17, 2013 4:38pm Dec 17, 2013 4:38pm
- Deano9999
- Joined Jan 2012 | Status: Member | 609 Comments
- Comment #16
- Quote
- Dec 17, 2013 9:26pm Dec 17, 2013 9:26pm
- Ill-b-back
- Joined May 2011 | Status: Get to the Chopper | 3897 Comments
Come with me if you want to live....
- Comment #17
- Quote
- Dec 17, 2013 9:34pm Dec 17, 2013 9:34pm
- Deano9999
- Joined Jan 2012 | Status: Member | 609 Comments
- Comment #18
- Quote
- Dec 18, 2013 3:19am Dec 18, 2013 3:19am
- liberty458
- | Joined Aug 2006 | Status: Member | 525 Comments