In case your interested:
DislikedI am interested in knowing how you believe it will happen in 3 weeks. Thanks.Ignored
DislikedThe reason I questioned such view was based on daily ADX reading. Although Friday's low was lower than that of last Wednesday, the DMIM was actually lower. My interpretation is that the Bears' pressure is dwindling. I'd say this is a divergence of the balance of the power.
Is this a reversal or a rebound? The Aussie has been in an expanded channel since 08/09. This coming week will reveal more clues to us. IMOIgnored
DislikedWell based on my chart analysis I see that number....take a look at the daily chart and you will see what I mean....should be around 9870 - 9880 (go back to NOV 2011)Ignored
DislikedAlthough it gaped down at the open, the Daily DMIM went down more. This is a signal of a divergence. It may not be a reversal or a rebound. But it means something.
Last time I got a D+ from the Greek teacher at ADX school.Ignored
DislikedPotentially, although it has yet to be confirmed by a breakout of the central valley. Here's an earlier chart I posted:
As a side note, there's a bigger (Adam-Eve this time) pattern not yet confirmed with a much lower breakout level, ranging from september 2011 to june 2012 ...
DislikedFor COT, I will only re-analyse again next Tue.
For Price Action, price drop was from 28-Sep before RBA news.Ignored
DislikedFrom my previous post, I said I will re-analyse COT on Tue, that is today.
Based on recent COT, data released from 2-Oct-12, COT showed A/U overall started to have more Sellers, and price action from 2-Oct till 9-Oct showed that.
Now price is around 1.0190, that is still within my last Demand Zone 2: 1.0160 to 1.0220.
Signs seem to be more Sellers for now, for me not clear signal to do anything, as I just see in in a big sideway range at the moment, possibly A-B-C correction from the recent Down move.
Better to Short than Long for now.
DislikedThe aussie is having a tough time with the 21 MAC channel. May be headed further south very soon now.Ignored