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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
my strategy to short no matter what all PIIGS banks works excellent. And foreseeable...
everyone aware what happens should Italy banks go belly up? A handful of greenbacks should be in each and every matress in that case.
but i think current wave from 4578 could continue down to 3870/80 level.... as long as it trades below 4200 level....
"..moves throuhg thearea of decent demand between $1.4130/20 to extend lows to $1.4118.
Next support seen into $1.4100, with traders noting that the $1.4100 level holds
barrier interest, while tech traders note the Jun 27 low at $1.4102.."
could see some bounce at current level back up to 4180/90 resistance level b4 moving lower to 4000/4020 support.... gl/gt
Tho i do hope he has a stop loss as his strategy of averaging down is the quick way to the poorhouse...
E/$ now 1.414....let me guess he has doubled up again?