Forum > View Topic (Hot-Chart)
This thread was started in response to the Hot-Chart:
EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
I don't know about tomorrow or Thursday...but most, or all, markets would have corrected themselves (barring an extraord occurence)! Having said this, the API/DOE stats will have a significant impact...in an insignificant way. :p At least oil is on correction pretty soon.
As for head and shoulders...it doesn't matter if Dow correcst itself during the last weel of Sep or first week of Oct...the b/line is that a correction is due! Did you read that EVEN Lehmann shares are going through the roof for NO real reason...but JUST because investors are finding the next lottery ticket! (Remember that Lehmann stock is traded privately...and not on exchange).
The market - esp/ equities - are highly overbought...and the greenback heavily oversold! Verily, reverse is in the offing. With all this comes down the oil and gold too! To quote Ashraf...intermarket correlation at its best.
This IS a month of correction...so let's not get our fingers burnt!
Waiting for the correction.
SEK is not gonna be as strong as NOK in the long-term, they struggle now and will do for a long time. Interest rates are most likely to get higher in Norway before Sweden. Their unemplyment rate is 2 times as we have.
(Look at the history, before oil made the Norwegian economy boost, the SEK was around 135, now we around 83.
When oil finish, I will most likely not live in Norway, the hit will be big! But for now, the economy is stronger than Sweden.
Anyway, as I mentioned earlier, the NOK is not affected so extremly to the oil prices as before. Mostly it is affected by risk aversion.
Therefore, wait for correction, go in on JPY/NOK, and wait...
Volatile? Yes, but that is how you guys like it. Right?
if u go for a correction do u see a head and shoulders for hte dow
nok is subject to oil prices due to the fact i consider it a commodities currencies
what make it strong is the backing from teh state pension funds and the oil funds. i will rather try to go long nok vesus swedish krona excepted if the latest decide to increase rate.
try the regional pair such as euro swedish
ask ashraf
regards
got no clue on yen nok
but the 50pecent correspond to the 10300 level that means from the market tommorow at the 9200 level or wednesday , a thousand point.
dpnt trade side line pair but go where the money flow is
ask ashraf how important money flow is for market direction.
i agree that the market is overwhelming but dont sell the bull skin before killing it
if u want to wait on the side line for a period waiting the shorting opportunity it s up to u
but the market is gonna react not only to he treasury moves but also to china measures to allow foreign investment to go up to 1Bn
eh asad look kraft is buying cadburry chocolate and the drought in india has left the sugar market in a thirst. check whats happen in mayfair and the plantation.
Sorry, I don't know much about the US30..... 38% fib? THE SP500 have gone over this level along time ago and so has the DOW.
Yeah, you might be right 50% first... anyway. Too risky now...
Said, where do you see the JPY? I am gonna short it so badly when the correction is here, what level do you forecast (JPY/NOK)?
I need statoil for living, but I still like banana pancakes better!
:p
regards
argument it please
i need other sight
i expect tomorrow and wednesday opening to reach the 9100 level always based on elliot wave. we reach in overseas market the resistance at 9490 : that were lasts support
Indeed. Correction...