Dear Readers, I hope you are as excited as I am. Cause the day when all things may be falling in place is approaching. One look at the Pressure Gages conjures the image of what happened in early March. The distribution seems to be taking it's sweet time and if we have couple more days like that, it could be an incredible gift from the creator. Also look at another graph which shows basically the movement of the earlybreakers and latestatyers ( proprietary concepts). When the sum total of these goes high and rolls over bad things happened in the market. I leave the rest to your imagination. GOLD not ready yet, ENERGY looks very toppy to me. So, barring the geopolitical impetus ENERGY and ENERGY stocks should go down. Interest rates close to turning down. $ weaker last couple days, exactly as doctor ordered. Good Trading
2 comments:
Hello Boris:
Re $ -- I understand you're expecting it to regain its strength after the past couple of days of weakness.
Can you give us an idea on GBP what will happen. Also your thoughts on JPY.. Are we at strong support at 122 , what is the probability of a breakout thru that level.
Thanks
Dear Dxb I stated very adamantly that 122 is a very strong support. I think the probability of it being violated is less than 40% even though it is hard to talk in those terms visavi my trading method. I think GBP the CHF are very close to the highs they are going to go to for this go-around. Good TO talk to you dear DXB.
I have bean wrong before, this is a caviat I must give(: :)
Good Trading
Post a Comment