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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
and rumour about chinese ease by narrow banking saving-lending gaps (which ordered by government). this is a fresh rumour, only weeks old.
is what can do but long term predictions...can turn out costly.
I have been betting on falling VIX with big profit 300% BUT...VIX falls further. There is a very reliable rule saying that : rising index falling VIX falling volume : GO SHORT!!
All recent rallies in DJIA had trade volume below average. But not low enough yet. Thus I expect Facebook IPO is an example of smart money sells the top....
http://chart.ly/ucpue2g
http://www.arpllp.com/core_files/The_Absolute_Return_Letter_0212%282%29.pdf
My EW voodoo for the DX and the usdchf looks for lower levels in what I read to be a corrective move down. However nothing ever goes down in a straight line (except perhaps silver following its parabolic climb last year).
Being in an american re-election year stocks have almost always historically travelled north so I guess we can generally expect good news from US eco stats. I wonder how that always happens, can't imagine they would manipulate the #'s. Perhaps this time will be different but the new year is certainly starting off with a bang.
I've been away from trading desk to finish personal stuff lately. Glad to login to forum. What's happening with good jobless rate = risk off. Is this turning point for USD?
agree.. 1.3080 held so far.. but prefer test of lower boundery at this stage.. even sub 1.3000 for 1.2000 needs to get tested in EURCHF and 8200 in EURGBP..