Dear Readers, welcome back. I am now ready to restart our regular updates with a new energy. Just a bit more time and I will be able to complete, sometime today, the updates of pressure gages. Not everything on my computers is done automatically, blame it on WINDOWS not supporting UNIX scripting as fully as I would like... What else is new. Micky Mouse wins again! Looking at the markets not much has deviated from what we said. In fact, I am amazed how close everything is following the script. I should go on vacation often? Stock Market has advanced to the fatal price and date. Still some left in this market. QQQQ, I think will make it to 48.25, but even without knowing exact pressure gage details, I can see that things are falling in place with the latest market rally. Sentiment has changed, almost, to bullish and the cycles are into May... What else do we want, nothing but watch carefully for local signs of the top within next 10-14 days.
Metals did not disappoint, by disappointing bulls. Energy is the market and market is the energy and it is in the last gasp. Currencies are showing the first signs of rolling over and by the late May they would have done so. Interest rates in the range bracketed by two suicidal maniacs $ Dollar on one hand and Housing on the other. Good Trading
4 comments:
Hi Boris,
nice to hear you again.
My old question to you: do you still expect USD/JPY near 115, between now and the end of May? Your opinion is important to me...
Thanks
Good to have you back Boris.
Dear Curaki,
While nothing in timing has changed for USD/JPY outlook, ie another local top for JPY centered around 19May +-3days, the level 115, I am afraid may be harder to reach. JPY is not behaving like a currency that is free to move there, as the world is scared what could that mean... Nothing impossible, just the probability is low for now.
Good trading
Dear Damien, Good to hear from you too. Good Trading
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