Short the Euro

Short 1.421.

Target 60 points.

 

Your stupidity knows no boundaries, I see.

 

First solid bearish signal in the form of an insult! .

e/u at 1.4210. Now tell sarkozy to stop the bears.

 

It's not an insult if it's true.

 

e/u at 1.4169. +41pips (in fact around +65pips if one counts the first retreat).

 

Now we not only know it is an insult, we also have further proof that it is an insult (read the result above).

 

Anything like this massacre?

http://www.elitetrader.com/vb/showthread.php?s=&threadid=221311&perpage=30

 

Good call! Is your target still the same?

 

Actually, we have further evidence that it is truth. Keep posting and reinforcing it!

 

e/u down, and spy UP. Given the positive correlation (hedging) between e/u and SPY, the e/u should be UP, but since it is down, then selling intensity is higher than buying intensity.

Therefore the argument of hedging and smart money buying e/u in anticipation of euro banks selling assets does not make sense based on today's action.

But how could we rule out the other hypotheses such as short covering, possible ECB possible buying, and smart bears reading the minds of people (such Sarkozy) who may think that they are smarter than other fellows?