SP500 daily chart reverts to bearish/neutral and further downside expected. EURUSD / AUDUSD rising wedge on daily chart looking confirmed. Originally posted Feb 16, 2011: âWhen DOW/S&P500 correction gathers momentum I expect: UP ~ USD, various USDXXX currencies, VIX Index DOWN ~ EURUSD, AUDUSD, NZDUSD, GOLD/SILVER, Base metals like COPPER etc, CRUDE OILâ
You are confused, because you trade trends in hindsight. The market is teaching you, and you are paying the tuition without failing/arguing/etc.
I just heard that they are not offering a free meal for the remainder of today, but somehow people in the markets appear to be walking with cutting knives in their hands looking for a free steak.
Does anyone know when the euro gals/gents in the company of the shortest president will finish their work? I do not read the news, so if someone can share his knowledge it would be useful. I also like to hear the gossip, if there is any.
market is spooked... The volitility today is crazy... The breaking news out of the EMU....is laughable. The fools are rushing in buying... Yet these fools may just force me to cover if they run this thing.. So then, I will be the fool if that happens. :eek: