I draw the line right here
雲ボブ
Fundamentals do not work when the public is deceived by the media. Charts can reveal the truth.
Thursday, July 16, 2009
The Euro has broke slightly above the top of the triangle bringing into question the validity of this forecast. While it is not what I had hoped to see this morning I think it is still possible and will be watching the Euro as closely as I watch the SPX.
The blue fork appears to be accurately showing the upward channel. It is my hope that the yellow channel will begin to take control.
I realize that the bullish scenarios that most others are presenting have a great deal of technical weight. I may be wrong, and if so I will be very wrong, but it's how I see it. Remember just a few days ago it looked like there was no way the Bulls were going to pull off a recovery. The market is a fickle beast.
Analysis presented on this blog has only informational and educational purpose and does not represent a proposal for buying or selling currency contracts.
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