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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #98,381
  • Jul 1, 2008 12:21pm Jul 1, 2008 12:21pm
Quoting lilmoe
also UJ has to close above that upper TL

Attachment
If the Dow closes positive today, we would have a chance to shoot up to 107 or more by tomorrow. Today's US treasuries supports the move upside
  • #98,382
  • Jul 1, 2008 12:24pm Jul 1, 2008 12:24pm
Quoting mktjong
If the Dow closes positive today, we would have a chance to shoot up to 107 or more by tomorrow. Today's US treasuries supports the move upside

oh yea babe!!
  • #98,383
  • Jul 1, 2008 12:27pm Jul 1, 2008 12:27pm
I think I mentioned earlier that if DOW closes in GREEN this might indicate a short term reversal in the equity market my opinions were shot down by some cranky individual but hey day is still not over so we shall see and plus this week is holiday week so dont' put much stock on what I say
  • #98,384
  • Jul 1, 2008 12:30pm Jul 1, 2008 12:30pm
Quoting vinesh2
I think I mentioned earlier that if DOW closes in GREEN this might indicate a short term reversal in the equity market my opinions were shot down by some cranky individual but hey day is still not over so we shall see and plus this week is holiday week so dont' put much stock on what I say
  • #98,385
  • Jul 1, 2008 12:31pm Jul 1, 2008 12:31pm
I think karmo still has a point. Daily chart is turning bearish. 4H is trading below the Gann...we'll see the close in a few minutes; and there's strong resistance at 211.60. It's a worrying move up for shorts but his reasoning still stands.

Whether the 4H closes above or below the Gann will tell us a lot, but as a bear I'm taking comfort from the daily chart.
  • #98,386
  • Jul 1, 2008 12:34pm Jul 1, 2008 12:34pm
Quoting vinesh2
I think I mentioned earlier that if DOW closes in GREEN this might indicate a short term reversal in the equity market my opinions were shot down by some cranky individual but hey day is still not over so we shall see and plus this week is holiday week so dont' put much stock on what I say
we JUST need to close above this and i'll add more longs



Attached Image (click to enlarge)
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  • #98,387
  • Jul 1, 2008 12:36pm Jul 1, 2008 12:36pm
The new fresh wall for bulls to climb is about to begin.
  • #98,388
  • Jul 1, 2008 12:38pm Jul 1, 2008 12:38pm
Dow going positive today or rest of the week is a pipe dream. 10-30 points up is not a rally...
It is called short covering or break even at best.

Look at all the data coming out in the next 48 hours.

Gold is way up.

Do you really think that equities will rally from here?

Dead cat bounce at best.
  • #98,389
  • Jul 1, 2008 12:41pm Jul 1, 2008 12:41pm
Quoting Rustyyy
Dow going positive today or rest of the week is a pipe dream. 10-30 points up is not a rally...
It is called short covering or break even at best.

Look at all the data coming out in the next 48 hours.

Gold is way up.

Do you really think that equities will rally from here?

Dead cat bounce at best.
Oil at 141.45 and more upside to come IMO Dow bulls had better start committing suicide
  • #98,390
  • Jul 1, 2008 12:43pm Jul 1, 2008 12:43pm
Quoting Rustyyy
Dow going positive today or rest of the week is a pipe dream. 10-30 points up is not a rally...
It is called short covering or break even at best.

Look at all the data coming out in the next 48 hours.

Gold is way up.

Do you really think that equities will rally from here?

Dead cat bounce at best.
Short term is fine man ..just catch 100-200 pips ..
Then it would be another nose dive ..
  • #98,391
  • Jul 1, 2008 12:45pm Jul 1, 2008 12:45pm
Quoting ukvipersden
Oil at 141.45 and more upside to come IMO Dow bulls had better start committing suicide
Dow was shot 9 to 10 bullets last week and still survives .. see it is still moving ..
  • #98,392
  • Jul 1, 2008 12:45pm Jul 1, 2008 12:45pm
Quoting Clouds
The new fresh wall for bulls to climb is about to begin.
why is that clouds?
  • #98,393
  • Jul 1, 2008 12:46pm Jul 1, 2008 12:46pm
Quoting ukvipersden
Oil at 141.45 and more upside to come IMO Dow bulls had better start committing suicide
Israel does not have to actually attack Iran just a little war exercise and muscle flexing by them will cause oil to shoot up to close to $200/barrel easily.

Coming days will be wild......I can't wait!
  • #98,394
  • Jul 1, 2008 12:47pm Jul 1, 2008 12:47pm
Quoting ukvipersden
Oil at 141.45 and more upside to come IMO
how does oil affect currencies? when it goes up, we all pay more for it, regardless of currency.
  • #98,395
  • Jul 1, 2008 12:48pm Jul 1, 2008 12:48pm
Quoting Clouds
The new fresh wall for bulls to climb is about to begin.

on the other hand, cable's getting ready to retest a breached TL...

i'm short on that 1.9987 (got impatient, and wasn't sure if i was right. but i didn't have that fibo placed. now i do)

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  • #98,396
  • Jul 1, 2008 12:49pm Jul 1, 2008 12:49pm
Quoting Clouds
how does oil affect currencies? when it goes up, we all pay more for it, regardless of currency.
  • #98,397
  • Jul 1, 2008 12:50pm Jul 1, 2008 12:50pm
Originally Posted by ukvipersden http://www.forexfactory.com/images/buttons/viewpost.gif
Oil at 141.45 and more upside to come IMO Dow bulls had better start committing suicide

Quoting mktjong
Dow was shot 9 to 10 bullets last week and still survives .. see it is still moving ..
I am not afraid: this patient should DIE!!!http://www.forexfactory.com/images/icons/icon10.gif
  • #98,398
  • Jul 1, 2008 12:51pm Jul 1, 2008 12:51pm
Big rally in equities coming very quickly
"Millionaires don't use astrology, billionaires do"
  • #98,399
  • Jul 1, 2008 12:51pm Jul 1, 2008 12:51pm
Quoting PipChick
why is that clouds?
UJ was range in May 103-105 in June it went up to 108, in July it's range 105-108. You will see GJ hit 214 two or three more times, and 209 a few more times as well, before it goes up to 219.
  • #98,400
  • Jul 1, 2008 12:51pm Jul 1, 2008 12:51pm
Quoting OrionsWay
Big rally in equities coming very quickly
When and why Orionsway?
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