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Ivanovich

Registered: Oct 2004
Posts: 9243

03-16-06 04:54 PM

Danger, Will Robinson! Danger!

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Kastro_316

Registered: May 2002
Posts: 1244

03-16-06 05:00 PM

You think its going higher?

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Ivanovich

Registered: Oct 2004
Posts: 9243

03-16-06 05:24 PM

Yes. And it is as we speak. But if you're only in it for intraday, you'll be safe as a pullback will almost definitely come. It's just that I expect them to be shallow, so don't short for long.

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ForexPro

Registered: Oct 2005
Posts: 558

03-16-06 05:28 PM

Out. c'est la vie.

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Ivanovich

Registered: Oct 2004
Posts: 9243

03-16-06 05:32 PM

Quote from YeahIknow:

Stop is 121.85 i.e. 100pips. Dont believe in Fibonnaci.

Yep.

I cannot believe this rise is still going - I thought it would consolidate before continuing on through overbought conditions like this. But the market - AS USUAL - is taking things to the extreme.

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OfmY

Registered: Nov 2004
Posts: 157

03-16-06 05:34 PM

Quote from Ivanovich:

The dollar turn around here is significant. EUR/USD just broke 1.2150 and still shows no sign of a breather. I'm out of my longs on it because I expect overbought conditions to begin to take toll. But clearly, the mold is changed.

Totally agree.

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