Patience + Humility + Study = Success
- #6,741
- May 19, 2008 7:54am May 19, 2008 7:54am
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
- #6,742
- May 19, 2008 8:11am May 19, 2008 8:11am
i think usdjpy want to touch 104.87 or maybe 105.7
0743 GMT [Dow Jones] USD/JPY has a potential double-top in place at 105.00, which also just happens to be where the 50% retracement resistance comes in, says Mizuho Corporate Bank's Nicole Elliott. For Monday morning she looks for a 104.75-103.50 consolidation range, with a drop to 103.00 possible later in the day. For a strategy, she favors selling at 104.00, adding at 104.75 with a stop above 105.75, adding again on a break below 103.55 to target 103.00 and 102.50. USD/JPY now at 104.10. (GST)
(END) Dow Jones Newswires
May 19, 2008 03:43 ET (07:43 GMT)
sounds good..
- #6,745
- May 19, 2008 9:18am May 19, 2008 9:18am
- | Joined Dec 2006 | Status: Poocher | 1,018 Posts
He keeps throwing fish at us.
No way all of em can be perfect...but they're fish.
No way all of em can be perfect...but they're fish.
http://benbittrolff.blogspot.com/200...re-hidden.html
Unless it breaks 104.80 the Short Term Trend Is Down For Me. I would short again at 104.60 and 104.75
Off for sure until at least 2:00 PM EST
Good Trading
Look At 1 Minute and 5 Minute Charts.
Bruce
- #6,746
- May 19, 2008 9:20am May 19, 2008 9:20am
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
He keeps throwing fish at us.
No way all of em can be perfect...but they're fish.
Patience + Humility + Study = Success
- #6,747
- May 19, 2008 10:50am May 19, 2008 10:50am
- | Membership Revoked | Joined Sep 2006 | 1,802 Posts
So far I like what I see. It has not broke above 104.80 even with the Dow up over 133 at the moment. EUR/JPY is hanging around 162.08 and Gold and Oil are still up. The 2 Year Treasuries are at a yield of 2.44% and USD/JPY is at 104.53
The Euro weakened and the Canadian Dollar is stronger.
The Economy still is bad regardless of the data at 10:00 AM so perception again leaves reality and the folks want the Dow to go up but after some more short covering or mindless following of the other experts the Dow will reverse. The USD/JPY will return to 104.00 and We will make more money.
All I need is the right honey to give the money to. Life is good and though it is raining here in Montreal the Sun always shines somewhere. As long as it shines in my heart the rain can keep coming down to feed the plants.
The Dow could even close down but perhaps this is the last blow off before the reverse.
Look at upcoming news and as long as Gold and Oil keep going up there is no changes in front of us. Housing is bad. The writedowns will continue and more jobs will be lost. As long as the fundamentals do not change there is more chance the FED cuts below 2% and then of course the US Dollar will get weaker again. No way out but down for the economy. Do not accept the SPIN. Do your own research. I have given you many good links.
Here is some Salmon for you. They really taste good with lemon. Are we all having FUN ?
Bruce
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- #6,749
- May 19, 2008 10:57am May 19, 2008 10:57am
- | Membership Revoked | Joined Sep 2006 | 1,802 Posts
All this talk about fish is making me hungry .... fish'n chips anyone ???
USD/JPY starting down. I see Dow Up 150 got it to High of 104.707 and Dow under 100 will send it down. Dow down 250 will do what ?
Go Carry Trade Go...
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- #6,751
- May 19, 2008 11:00am May 19, 2008 11:00am
- | Membership Revoked | Joined Sep 2006 | 1,802 Posts
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- #6,752
- May 19, 2008 11:03am May 19, 2008 11:03am
- | Membership Revoked | Joined Sep 2006 | 1,802 Posts
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- #6,754
- May 19, 2008 11:14am May 19, 2008 11:14am
- | Membership Revoked | Joined Sep 2006 | 1,802 Posts
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- #6,755
- May 19, 2008 11:15am May 19, 2008 11:15am
- | Membership Revoked | Joined Sep 2006 | 1,802 Posts
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- #6,756
- May 19, 2008 11:18am May 19, 2008 11:18am
The best was in London, England wrapped in Newspaper about 20 years ago.
USD/JPY starting down. I see Dow Up 150 got it to High of 104.707 and Dow under 100 will send it down. Dow down 250 will do what ?
Go Carry Trade Go...
- #6,758
- May 19, 2008 11:20am May 19, 2008 11:20am
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
Patience + Humility + Study = Success
- #6,759
- May 19, 2008 11:23am May 19, 2008 11:23am
- | Membership Revoked | Joined Sep 2006 | 1,802 Posts
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