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Old Mar 16th, 2006, 11:54 AM   #37
Ivanovich
 
 
Join Date: Oct 2004
Location: The moon
Posts: 9,243
Danger, Will Robinson! Danger!
 
Old Mar 16th, 2006, 12:00 PM   #38
Kastro_316
 
 
Join Date: May 2002
Posts: 1,244
You think its going higher?
 
Old Mar 16th, 2006, 12:24 PM   #39
Ivanovich
 
 
Join Date: Oct 2004
Location: The moon
Posts: 9,243
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.
 
Old Mar 16th, 2006, 12:28 PM   #40
ForexPro
 
 
Join Date: Oct 2005
Location: uk
Posts: 558
Out. c'est la vie.
 
Old Mar 16th, 2006, 12:32 PM   #41
Ivanovich
 
 
Join Date: Oct 2004
Location: The moon
Posts: 9,243
Quote:
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.
 
Old Mar 16th, 2006, 12:34 PM   #42
OfmY
 
 
Join Date: Nov 2004
Posts: 157
Quote:
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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