Call me crazy but that chart shows why emg says 575 is the eventual target. If we don't continue to make higher highs then the next lower low is the target on the yearly. IHS already projected to 1230 and we got close. Where is the juice now to make the higher highs ?
Jeez, this is not like performing a circumcision! 3% when trying to catch a larger move is acceptable. Additionally, the notional value of my short position is less than 1/3 of my long, core holdings. Nothing to worry about. Will check back next week!
ammo, does the euro look like it is finding support at this 1.37 area or it has to fall to maybe the 1.26 area to find support?
next nip is 1.3640-3610,hitting a previous top at the moment, if below that nip, then .35 ledge, then another previous top
c fed people sounds like a complete idiot when he makes statements like this, you are being nice. If he keeps thinking like this its just a matter of time till he is on the wrong side of a multi sigma move, but then you can't really keep anyone from falling in the ditch.
credit implosion,i think like the cold war, there is a lot of positioning amongst the den of thieves controlling the world currencies,if/when the positioning doesn't work....or the wolves see a weakness as in bear and lehman a few years back,what 'll keep em from going for the kill
Nice! I don't think ICF is stupid, he's probably a young man with little experience in the markets. Cut him some slack, he'll learn - whether by careful observation and research or by hard experience.