Posts by "ross"

Catnip what is your target on your long eurusd? If the pair closes below 126 will you change your idea? I am too chicken to go long, but I have been wondering what keeps this pair supported - is it governments or some big banks. So many people are calling for shorts on this pair - even CNBC people are talking about it - maybe that is a good sign to go long!

The eurusd may fill the gap back to 1.3480-1.3500; from there I would take a small long position that could go back up to re-test 1.3600; if market fails at 1.36 market may have a chance to find Ashraf's called for April lows. If this gap does not fill, however we could be seeing a turn around in this pair. Dow closing � could negate eurusd shorts and could also forecast a turn around in this pair.

Ashraf wrote @eurusd "Downside shall open up for $1.3360, followed by $1.3315-20 before the eventual $1.32 and $1.30 before mid April. Upside capped at $1.3470-80, while substantial ceiling stands at $1.3540."
The second half of this forecast broke the ceiling - so we have 2 more weeks for the first part to play out. Oil & gold are going higher, & audnzd is not cooperating I don't think the market is listening! :-)
I am just wondering if the market has changed due to any fundamental or technical reason?

Looking at Monthly, Weekly, Daily, 4 Hour and Hourly charts - they all show some variation of a Bearish Gartley - I never saw this before - they hardly ever agree on every time frame like this. I don't know how to post charts here - but I just posted some charts to this group: http://finance.groups.yahoo.com/group/Divergence/