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8683 Posts Total by "daveo":
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DaveO
(N.Cornwall, United Kingdom)
512 Posts by Anonymous "daveo":
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DaveO
N.Cornwall, UK
Posts: 5733
10 years ago
Dec 7, 2013 21:51
In Thread: EUR
In reply to DaveO's post
Aussie fundamentals comparatively easy to judge so by the time the C wave up is completed we might have a bias for what's next.
DaveO
N.Cornwall, UK
Posts: 5733
10 years ago
Dec 7, 2013 21:48
In Thread: EUR
I agree ur screenshot, B completed or near complete. If already completed then symmetry for C is at 9895 and 61.8% at 9928.

BUT---the ABC might only be abc of B. In other words the 5th August low might be A wave down.
DaveO
N.Cornwall, UK
Posts: 5733
10 years ago
Dec 7, 2013 21:33
In Thread: EUR
I was planning on aussie bottoming at 8960, misssed the bounce from 8988. If the low is in I would be targeting 9900/30
DaveO
N.Cornwall, UK
Posts: 5733
10 years ago
Dec 7, 2013 20:57
In Thread: EUR
eurchf at 1.20 would be pretty good buy with tightish stop. I very much doubt such a good trade opportunity !
DaveO
N.Cornwall, UK
Posts: 5733
10 years ago
Dec 7, 2013 20:53
In Thread: EUR
Now for something lighter:-

I was at my bank today; there was a short queue. There was just one lady in front of me, an Asian lady who was trying to exchange yen for sterling. It was obvious she was a little irritated . . She asked the teller, "Why it change? Yesterday, I get two hunat pound for yen, today I only get hunat eighty? Why it change?”

The teller shrugged his shoulders and said, "Fluctuations."

The Asian lady says, "Fluc you white people too."
DaveO
N.Cornwall, UK
Posts: 5733
10 years ago
Dec 7, 2013 20:49
In Thread: EUR
Only politician in the labour party I like is Alister Darling, even though he is a Scot. Basically I am a royalist, off with all their heads if I had my way. Ex Mr Brown would be hung drawn and quartered with his head on permanent display in Trafalgar Square---a reminder for no more boom and bust candidates.
DaveO
N.Cornwall, UK
Posts: 5733
10 years ago
Dec 7, 2013 20:38
In Thread: EUR
You mean Mrs Balls. Neither of them my cuppa tea :-)
DaveO
N.Cornwall, UK
Posts: 5733
10 years ago
Dec 6, 2013 21:51
In Thread: EUR
In reply to Qingyu's post
FTSE not sure but likely do some more catch-up on Monday am.

Dow and SPX, my read they did 5 down to Wednesday lows so should be W.A. Then W.B up to highs today 61.8% and 78.6% confluence with 161.8% and 127.2%. Expecting W.C down next---could go a little higher first.

Russell small caps similar position.

NYSE breadth today no big deal, opened at +2000 and sauntered down to close at +1300

Nas, take a look at your weekly monthly charts, still miles behind march 2000 highs---context.
DaveO
N.Cornwall, UK
Posts: 5733
10 years ago
Dec 6, 2013 18:10
In Thread: EUR
dont even mention it, was awaiting 8960, looks like probable reversal from 8988 LOD
DaveO
N.Cornwall, UK
Posts: 5733
10 years ago
Dec 6, 2013 17:58
In Thread: EUR
yen been seriously weak today, was expecting further strength for another day or two.
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