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Posts by "boli mekura"
234 Posts Total by "boli mekura":
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Posts by Anonymous "boli mekura":
So mark my words: I say EUR is going to 3910 and then 4160.
You say EUR is going to 3200.
We shall see who is right very soon.
It is useless to argue further. Time will show who's right and who's wrong.
And not on 200 or 2000 pips moves. Remember?
As subway wisely pointed out below, not a good idea to assume 1.4200 is the top for this move.
Regarding cycles. I also use cycle but my research based on the work of Martin Armstrong.
So according to this cycles, I think this is not the ultimate top for SPX. We may be seeing some sort of a correction here towards ES 1260ish if ES breaks 1292 but my cycle research the ultimate for this up cycle will come end of April / beginning of May (most probably on May 2nd).
Combining this with my other studies I think the level for the top will be 1430ish.
GL
Let me remind you also that Catnip was short back down at 1.20 last year expecting parity, yet the EUR jumped all the way to 1.40.
More recently he was expecting 1.27, yet EUR jumped all the way to 1.3750.
So Cat's track record is not good.
Besides you can't compare me to Ashraf cause my strategy and approach are different.
So mark my words: I say EUR is going to 3910 and then 4160.
You say EUR is going to 3200.
We shall see who is right very soon.
It is useless to argue further. Time will show who's right and who's wrong.
gl
This is to read "And NOT the other way round" of course.
If your post is directed at me, then my answer is: the market is a dynamic system. In the short to mid term you have to watch the price action because it is showing where the market wants to go. As you know no one is bigger than the market. So this is why the "if and then". We have to adapt to the market. And the other way round. Because the market is always right.
Best of luck to you.
I think if 3850 is taken out convincingly then 3910 is next and if it cannot stop this up move then 4160.
gl
See ya.
rationale for this trade is: 1) eur/chf is sitting (still) above recent b/o level which followed long consolidation. 2) expect a little bit more risk-taking in the markets before the long due correction, thus eur/chf will be supported for some time more.
As always, we shall look to see.
GL