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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8936
Posted: Feb 22, 2010 5:00
Comments: 8936
Forum Topic:
Gold, Oil & Indices (Equity & Bond Indices)
Discuss Gold, Oil & Indices (Equity & Bond Indices)
do u mean .21514 (fibo plus trendline from the 8th of aug 2003) can be a major support on eurusd and the sp will get its 1200 before bouncing with a correlation of 1.38 on again eurusd.
I think it will happen before end of July
Farouki,
Consolidating back towards 87.00
Ashraf
12800 in the Dow
1360 in SPX 500
It will be a neutral to positive summer in equity indices.
Ashraf
or, consolidate and rocket again, but very unlikely. chinese coal industry predicted a cool summer.
About 4 hours after we issued the Intermarket Insights yesterday, we adjusted the entries in EURUSD, EURJPY and gold following the sharp moves around the London close. 1 of the 2 adjusted EURUSD shorts has been filled and is in progress and the same applies for the adjusted EURJPY shorts. Since the adjusted entry in gold remained unfilled (changed to 1560 but market rebounded to only 1558), we are adjusting it a second time by pushing the entry lower.
For the latest on those insights and chats, please click here for direct access:http://ashraflaidi.com/ products/ sub01/ access/ ?a=641
Ashraf