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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
all sold. Wait for asia fx on 2nd of Jan it makes no snese to judge anything from moves in a very thin market.
been missing chartz, might run aground without some navigation :)
Happy New Year
been away for christmas..
it seems catnip's yearend target of 1.20 or 1.27 of ashraf's still have to wait...
well... asharaf's view for Aud,CHF,and gold definitely moving the other way... as for Euro.. we still have to see...
Euro would likely face some stiff resistance around 1.34 level... if it manages to settle above that level... would be going for 3650/3690 target.... let's see how it behaves...
happy new year to all!
I started alerting the likelyhood of a santa rally a coupla weeks ago at least. This very often happens and means the boys in wall st who largely control the markets are keen to end the year on a high bonus note for stocks. Stocks long = risk appetite. Risk appetite is reflected in some of the forex pairs, in gold and in commodities. My alerts were largely unheeded by those who chose to keep fading the trends.
Next year, remember the probability of a santa rally in stocks. Its only a probability, not a certainty, but most often plays out.
Another alert I keep making is the rally in stocks most of this month has been on extremely weak breadth, stocks creeping up on fumes. Either breadth needs to dramtically strengthen early in the new year or stocks will crater. That means risk aversion. Risk will be to the downside in stocks unless breadth takes off.
Happy and Prosperous New Year to all.
Good luck for the New Year!
Anyway, it happens.
Good luck for the New Year!
It happens..what can you do but GOOD LUCK for the new Year.