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PK
(New Jersey, United States)
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PK
New Jersey , United States
Posted Anonymously
16 years ago
May 8, 2009 19:50
In Thread: Golden Chance from FX-Equity Play
Financial Advisors and mutual managers need to get long this market or risk losing clients or their job. This will keep upward pressure on the equity markets. Don't you think Ashraf? I also see a lot of the emerging market equity charts in clear uptrends. I woudn't be short this market.
PK
New Jersey, United States
Posts: 1
16 years ago
Apr 2, 2009 16:21
In Thread: GBPAUD Testing the Bottom
Ashraf,
Great site & insight.
I think USD/JPY breaks 100, just takes some work to get through since it is technically a critical level (including breaking through 200 dy MA.

I'm a bit concerned about gold. I'm long and today it is breaking the upward channel trend? What do you make of it. Is this just a reaction to maybe IFM selling of gold to raise cash or ease of general "fear" in the markets. I think long term gold goes higher on inflation but a pull back to 880 means a lot of pain, & could it be a the beginning of trend reversal or sideways movement?

Thanks for your comments!

PK
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