I don't think people are jumping in without relying on (even if only for them) good reasons. I was in early trying to call a top, I got in on first target and more second. Exciting!
- #146,005
- Sep 24, 2009 9:26am Sep 24, 2009 9:26am
- | Joined Feb 2009 | Status: Madness has no method. | 1,143 Posts
- #146,007
- Sep 24, 2009 9:27am Sep 24, 2009 9:27am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
LOL i never go long 
- #146,017
- Sep 24, 2009 9:38am Sep 24, 2009 9:38am
- Joined Jul 2007 | Status: Trader | 3,577 Posts
OMG! This is what the Euro bears have been ranting about since...well since...it seems like forever doesn't it?
RELAX PEOPLE.
Yeah EU is going down now - it's called a re-tracement folks. Listen when a pair makes a great run like EU has done since the beginning of September when EU was 1.4200 to yesterday's 1.4800 in 3 weeks don't you think it's time for a rest?
PERSONALLY I'm surprised EU ran this far. I've been writing for quite some time about how dismal the outlook for the US economy is giving the underlying fundamentals - but at the same time I read the charts and have been profiting from the climb in EU (and S&P)
Is 1.4800 the top in wave 4 of a longer-term bear market? Who the heck knows? I can tell you this I still look at EU as a long-term upward trend until EU CLOSES below 1.4200.
Remember that is a LONG-TERM view.
On a daily basis I would expect a pull-back to the 1.46 level - this would be an approximate 38% re-tracement of the September run. 1.45 wouldn't surprise me in the least either.
But to state that - THIS IS IT THE BEGINNING OF THE BEAR MARKET EU is very much premature folks.
Remember moderation!
RELAX PEOPLE.
Yeah EU is going down now - it's called a re-tracement folks. Listen when a pair makes a great run like EU has done since the beginning of September when EU was 1.4200 to yesterday's 1.4800 in 3 weeks don't you think it's time for a rest?
PERSONALLY I'm surprised EU ran this far. I've been writing for quite some time about how dismal the outlook for the US economy is giving the underlying fundamentals - but at the same time I read the charts and have been profiting from the climb in EU (and S&P)
Is 1.4800 the top in wave 4 of a longer-term bear market? Who the heck knows? I can tell you this I still look at EU as a long-term upward trend until EU CLOSES below 1.4200.
Remember that is a LONG-TERM view.
On a daily basis I would expect a pull-back to the 1.46 level - this would be an approximate 38% re-tracement of the September run. 1.45 wouldn't surprise me in the least either.
But to state that - THIS IS IT THE BEGINNING OF THE BEAR MARKET EU is very much premature folks.
Remember moderation!
...because you never know - until you do!
- #146,018
- Sep 24, 2009 9:40am Sep 24, 2009 9:40am
- | Joined Aug 2009 | Status: Nothing to say | 1,701 Posts | Online Now
- #146,019
- Sep 24, 2009 9:41am Sep 24, 2009 9:41am
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
those who can, do. those who cant, talk about those who can
