I believe we could get one more probe down into the area of 870, before some kind of a rally develops in stocks.-------------Not much of a retrace transpired in EURUSD before the next leg up is to commence it seems...
So, far, you are very correct Dear Xerxes,Good Trading Dear Friend
Dear Boris...When you look at the 30 minute chart of S&P there is a real nice H&S with a completed right shoulder...Same for the DOW...Maybe antidollar will have a rough patch for a week or two before they gain composure and crush the buck with late month turns....
Dear Xerxes, scenario can not excluded.This upcoming turn may prove feeble and we may get exactly what you are talking about into the nexet turnGood Trading Dear Xerxes
Maybe Dear Boris...Tricky came out with pro-dollar comment on Sunday, to, I suppose, check Euro bull animal spirits for the time being... We have a G8 meet tomorrow. If Tricky wanted traders to grind the buck into the pavement, why come out with a supportive statement a couple days prior? So your 'feeble turn' posit sounds very plausible to me...
I have updated the DotNet Market Report Page.Please note and readThank you Dear SubscribersGood Trading
Borisgood morningold john
Dear Boris,Good morning.Good trading.Bert
Dear Boris...What you say on dotnet doesn't conflate with DP chart :-)
I saw another bank predicting EURUSD to return to 1.25 area by end of the year...With so many predictions of a resurgent USD, makes me wonder if there are not boatloads of stranded longs, who seek solace in their losing positions, by grasping for these pseudo noetic pronouncements from market gurus, as they sail down the river of hope, watching EURUSD move ever higher....
Dear Xerxes,DP chart is possibly offset a bit and with congestion can not trusted places.Good Trading Dear Xerxes
Good Morning Dear JohnGood Trading my very Dear Friend
GOod Morning Dear Bert,GOod Trading My Very Dear Friend
Dear Subscribers5Min APsOn DotNetGood Trading Dear Subscribers
If you were trading short term only,Please take all profits now!
I mean, if you followed emini graph and took short positions.Please take most/all profits . that is what I wanted to sayGood Trading
Dear John,Thanks,I have no problem with GDX,The names I mention though are more like on the Junior side and that is the way I like it at this point, but GDX makes it easier even as it is not exactly how I would like to be positioning at this point. Considering small size of positions though , It really does not matter at this point.Thanks My Very Dear Friend John
Boris,thanx- you know I like to be a little cautious and patient.old john
Actually , Dear John, ThanksFor a small account it is much easier to deal with ETF even if not precisely what is needed, because it is not easy to buy and sell 5-10 stock portfolio. Costs are involved for sure.Thanks again for a good alternatvie for a smaller investor
Boris,GDX is doing okthanxold john
Dear John, I did not plan it that way.We are starting to nibble.We actually would like it to go down a bit more to buy more(:-Good Trading My Very Dear Friend
Dear Boris, thanks for the 3rd consecutive winning short trade. I closed out yesterday, a little early, but green. Thanks for the dollar forecast on the .net site. Now if I could sleep on a long trade : ) Good trading, Daveo
Dear DaveENjoy, My Deaer FreindNothing can make me happier thanMy subscribers being successfulGOod |Trading Dearest Friend
Has anybody noticed that the low overnight in EMINI is a 100% BULLs EYE on the 4th daily low attraction point (DLAP) on the emini chart we send to our subscribers!Hellelujah!Good Trading
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