Posts by "juno1"

Shane,
I agree just waiting to see if there is one more push towards 15460.
My one concern would be that the dollar may be due a pullback after the rally from November. Never the less I believe the downside outweighs the upside.
Good luck

Juno1

djellal,
I agree with your euro comments. If this indeed is the case then the dollar is undergoing a three wave correction which in turn could bring usd/cad much lower possibly below 95? I have been waiting to go long usd/cad for a while now and have subsequently held off as i do see a large a correction back towards 78 region on the index. What i do wonder is cable in a wave 4 of 5 thus allowing the euro one more fall and the dollar one more leg up prior to a correction?
Should cable brek higher from here i shall go with the first scenario and that the dollar is indeed correctig from November . I will then short the euro higher up around 1.41 looking for another larger fall to 1.25 and go long usd/cad at the same time.

Hi Chloe.
I didn't see the interview yet, Robert Prechter called this rally last march within a couple weeks of the March bottom, very good call, i know he is of the view that we are very close to a top in equities and he also warned of a turn in the euro around 1.51.
If what he forecasts comes to the fore everything is going to the floor.
I find his articles very interesting and informative but i must say it is hard to beat Ashraf, he is more direct and to the point, plus he takes the time to help us all out by answering questions as frequently as possible which I am very grateful.
How ever as far as Robert Prechter is concerned and his team at elliott wave i hold in high regard too .

Does anyone else have a view?

Ashraf, do you see Robert Prechter's theory playing out?
Good luck with your trading
Juno1

Looking as though any announcement will be after the U.S markets close.

Macrosam
I agree with you good luck with your trading