Everyone is looking at the big 61.8fib retracement and the 200weekly SMA but the measured move objective for this is 1.4044 and it is setting up a weekly bearish gartley pattern. I am not in a rush to short this, I want to see a good set up.
Wednesday, October 6, 2010
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Hey nice to see ya.
ReplyDeleteUnfortunately the bear is absent these days. Hopefully he will come back at some stage.
spinner
The bear comes back when you least expect him. It's earnings season and the last 7 have not been pretty.
ReplyDeleteS&O up, ZN up, Gold, silver up, euro , aud up. Only dolla down?
ReplyDeleteLotsa dolla getting sold. Who buying it? seems huge amounts...
spinner
Yeah but that side of the boat is getting very crowded. Look at how crazy EURUSD was in Dec 2009 when QE1 was announced.
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