Although there is an anticipation for potential downgrades I wonder how demand will hold up before the news release.
More correlation with SP500 today.
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More correlation with SP500 today.
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Attached Image (click to enlarge)
- #19,342
- Jan 13, 2012 9:01am Jan 13, 2012 9:01am
- Joined Oct 2009 | Status: Whn Market Warms u..U keep it Kool | 6,578 Posts
- #19,344
- Jan 13, 2012 9:07am Jan 13, 2012 9:07am
oh definitely not today. That's a monthly chart and I reckon within 2 weeks.
I'm not closing my shorts till then. maybe one...
also the Dixie is making an expanding triangle on the 4H so I'm anticipating some kind of reverse but you're right never today
I'm not closing my shorts till then. maybe one...
also the Dixie is making an expanding triangle on the 4H so I'm anticipating some kind of reverse but you're right never today
- #19,345
- Jan 13, 2012 9:08am Jan 13, 2012 9:08am
- | Additional Username | Joined Oct 2011 | 2,098 Posts
knoholygrail,
Hello my friend. You are actually right. Another good post. The 1.2200 is not out of the question over the coming months & the fall has just resumed for what I see now. Thanks for your always inspiring & informatiove post.
Have a great weekend.
____________________________
The Three Headlines Are as follows;
Euro tumbles sharply amid news that S&P could cut European debt ratings
EU sources say multiple downgrades "imminet"
Downgrades could be vital blow to region's bailout plan
Now we have EUR/USD at 1.2668 and EUR/JPY is at 97.43
Just OUT France On List Of Downgrades !!!
- #19,347
- Jan 13, 2012 9:12am Jan 13, 2012 9:12am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Well it looks like we didn't manage to make it to the 1.29xx area to test the falling channel UTL resistance. Oh well, at least the 2 lower positions were triggered.
We are looking a tad oversold at the moment but this drop seems to still have lots of umph behind it. Being a Friday, I say we will probably make new lows by European closing bell. Time will tell. Regardless I'm in the green hard
H1 chart below
Attachment
Those who say it cannot be done should not interrupt those who are doing it
- #19,348
- Jan 13, 2012 9:13am Jan 13, 2012 9:13am
- Joined Oct 2009 | Status: Whn Market Warms u..U keep it Kool | 6,578 Posts
Yeah, I love shorting the f#*k out of it.
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- #19,349
- Jan 13, 2012 9:13am Jan 13, 2012 9:13am
- Joined Oct 2009 | Status: Whn Market Warms u..U keep it Kool | 6,578 Posts
oh definitely not today. That's a monthly chart and I reckon within 2 weeks.
I'm not closing my shorts till then. maybe one...
also the Dixie is making an expanding triangle on the 4H so I'm anticipating some kind of reverse but you're right never today
- #19,351
- Jan 13, 2012 9:14am Jan 13, 2012 9:14am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #19,352
- Jan 13, 2012 9:15am Jan 13, 2012 9:15am
- Joined Oct 2009 | Status: Whn Market Warms u..U keep it Kool | 6,578 Posts
.. 
.. 
.. - #19,353
- Jan 13, 2012 9:16am Jan 13, 2012 9:16am
- Joined Oct 2009 | Status: Whn Market Warms u..U keep it Kool | 6,578 Posts
How this overlay chart helps you to trade better?
- #19,355
- Jan 13, 2012 9:24am Jan 13, 2012 9:24am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #19,357
- Jan 13, 2012 9:26am Jan 13, 2012 9:26am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #19,358
- Jan 13, 2012 9:27am Jan 13, 2012 9:27am
- | Joined Dec 2011 | Status: Trader | 1,581 Posts
Any prices quoted are futures
- #19,360
- Jan 13, 2012 9:32am Jan 13, 2012 9:32am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it