Short term is very choppy with mixed signals atm. When equity downtrend gets established, signals should be clearer due to increased market consensus.
+1 OMG this guy has been so far off the mark I'm surprised anyone follows him at all. This is what 2008 did to the landscape it flooded us with permabear "geniuses" who can't trade but nevermind they are "smarter" then the market. Thank you for doing the groundwork to expose this guy.
EURUSD weekly chart at blog - updated rising wedge scenario. Long term indicators continue to warn of USD strength and EURUSD weakness http://www.elitetrader.com/vb/showthread.php?s=&threadid=217543
EURUSD weakness and USD strength increases - regular readers know the rest... http://www.elitetrader.com/vb/showthread.php?s=&threadid=217543
EURUSD daily chart weakness continues. Looking better now. http://www.elitetrader.com/vb/showthread.php?s=&threadid=217543
Global index daily and weekly charts are not bullish, longs please be careful. http://stockmarket618.wordpress.com
DOW / S&P500 ~ previous short term bearish indicators were clearly overpowered by the recurring buying support and further upside is possible. My updated monthly chart will show the grossly overextended big picture.