Wednesday, July 30, 2008

Attraction Points(Apoints),ASIA & EUROPE

By this price not to be seen 5-7 days, I mean on the closing basis
6417 6391 6348 6278 DAX 6547 6573 6616 6686
3341 3333 3320 3298 ESTX 3380 3388 3402 3423

04:36 ET, quick update on currencies. I think you(subscriber) know that AntiDollar is supposed to have some sort of a rebound here, into early to mid August. So, we could see that happen, but perhaps after one more bit of a surge in Dollar. It appears though that the leader in this decline may , actually be EURO currencies(Euro, Chf etc.). So, instead of the quick drop in YEN, we could see meandering drop lower in YEN and instead of meandering in EURO we could see a quicker pace down in EURO, and to bigger extent GBP. In any case, for Dollar to be safely in uptrend it must not make the lower than 72.80(on nearest Sept future). If it did, then it would take the move above 73.65 again, to resume the uptrend.

06:05 ET, GOLD COULD BE GETTING OVERSOLD HERE FIBO 62% ata 900
07:53 ET, Big News This morning ON ADP employment, is this the day when Dollar finally kicks A? That could ignite big rally in stocks as well.

4 comments:

john said...

Boris,

Good morning

old john

boris said...

Dear John,Good Morning
To you My Dear Friend
Good Trading

D said...

ADP is "off" all of the time... good thing we don't trade off fundamentals...

:)

boris said...

Dear D,
Thanks, I thought they should be more reliable. They just count the god dam thing(:-

Good Trading