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Posts by "juno1"
69 Posts Total by "juno1":
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Posts by Anonymous "juno1":
If the fed raises the discount rate on monday we should see the dollar strengthen ? Do you think we may be putting in a dollar bottom on this correction?
I have two shorts running from 13750 , missed taking the 13264 area but looking to add another at some point.Must be patient.
Looking at 4hr chart, does anyone see a top being formed at 13594? Looking at stochastics 14 5 3 possibly rolling over? Any thoughts?
If not the central banks then maybe deflation will push the precious metals further down.Hoping to buy some much lower.
Keep up the good work .
Juno
How do you view the current market rally on a technical and fundermental basis?
Do you see the rally from March 2009 to present day as a bear market rally ie wave 2 up with possibly the on going concerns with goverment debt in Europe and maybe more european countries being downgraded and possibly seeking help from the IMF as the catalyst to send markets in a wave 3 down leg below last March 2009 low?
Will Goverments need to raise cash and sell their gold reserves ? Resulting in much lower prices for gold?
Currently long.
Juno1
Thankyou for your prompt reply. My rationale is that i see deflation as a problem first before inflation takes hold and as such I have been short silver since $18.59 looking for $12 region and possibly lower, ($8 region) , in which case the flight to safety will push the usd higher by year end. Hopefully.
Not very good at timing entry and exiting on the short term basis, tend to look slightly longer term.
If we get one more leg up on the Dollar I shall exit and wait for a correction, if there is one. Not very technical but are we entering 5th wave up and then possibly a 3 wave pullback, I have been reading quite a bit into elliott theory, find it very interesting indeed, but trying to fathom waves can be daunting at times.
This forum is the best I have come across and your analysis likewise, including all the other posters.
Juno1
Followed your call on Aud/Nzd, tahnkyou. As you say I am in for the long haul as i see plenty of downside looking at the last 3 years charts.
I too feel that usd has plenty of upside as 2010 could be a shocker for equities, given that canada seems to be robust at the moment, providing commodities hold up which as you say gold is looking for 1020 , I have gone long on usd/cad at 10564. Could be I am premature , Any thoughts?
Once again thanks for the heads up on Aud/Nzd.
Juno1