i am holding short from 0.7900 since last week. I can honestly say i never expected this especially after the big august move. This is just amazing, i feel like getting a bowl of popcorn with this kind of unrealistic movement.
Markets in France made 2 rally attempts which briefly pushed the CAC40 over 35 million. The rallies both failed. I love Yahoo's charts.
I actually just can't stop thinking about what kind of consolidation will hit the fx market in 2009? I just hope that there will be still trends to catch next year as the aftermath of this type of movement is a lot of consolidation as everyone tries and pick themselves up. This is a nice little article below. http://ftalphaville.ft.com/blog/2008/10/08/16807/asian-pain-the-ghosts-of-1997-98-return/
well another down day i guess it could have been worse though-a suckers rally today for sure -it looks like every one is selling on any rally to get out at a minimum loss-yeah right-today at the end was ugly ........ the cavalry got slaughtered!!!!!!!!!!