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Posts by "anonymous"
15030 Posts Total by "anonymous":
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Posts by Anonymous "anonymous":
I believe buyer exhaution is imminent and am shorting at 1.08025 - high potential for bull traps and rapid sell-off - with stop set at 1.0825, just above monthly high.
USD/CAD also presenting a short oportunity as it reaches sentimential high on AIG bailout and fundamentals: oil, gold lead one to speculate that eh Loonie will appreciate during today's N.Y session.
Bailouts are like a honeymoons. They are both sentimental peaks - the end of the innocence and the beginning of reality.
I shorted USD/JPY yesterday evening at 106.347. Why?
1. Good technical short opportunity - price nearly two (1.96)stdev above mean close on 30 minute and hourly charts, reaching R1 as well.
2. As stated above bailouts are like honeymoons and I believe the markets are realizing that that they have married a lip stick packing pig - sorry, couldn't help myself. AIG is one of the largest swap insurers in the market. AIG's failure highlights the fact that the level of financial/corporate failure is so extreme that normal market protections cannot contain the failure. This will scare even the most risk seeking investors to safety.
Fed cut rates Tuesday, everybody thinks rate unchange. A rate cut Tuesday will be a BIG surprise, dont you think?
USD/JPY can target 105 by end of September? Your thoughts and insight pls. Thks.
I like your new websight. Any video seminar coming, like CMC? CMC closing down, what a misfortuntune.
I am still unsure why usd took such a big hit & as for the gbp & jpy I haven't a clue what happens next.
Ashraf, you have a fabulous website, I hope I can absorb it all & profit by it.
Best wishes.............Hamish
What's your view on the USD/JPY and Euro in the next six months!?