We will see, Euro has continued to fall against all other comers, esp commodity countries. But against USD Euro is forming a triangle which is often a stopping point before the final move. The waves don't count nicely, if this is wave 4, then 5 up is still to come, and my DX long will stop out.
hey, steveo, didja notice the possible head and shoulders on the gold daily? if that works, it would be quite the tumble.
ReplyDeleteI did notice, the trend is down, ---CAVEAT (sheet I hate those) unless it changes!
ReplyDeleteChina "tightening" money supply, go figure what that means. They had a taste of the good life...hard to give that up. And they are hard workers and ruthless businessmen, and gamblers. Currency is the game, and Gold is the best currency, nuff said.
Waves 4 and 5? Are you an Elliot Wave guy? That would explain everything. What's become of your 1% then 2% then 5% then 8% then 78% drop LOL.
ReplyDeleteThanks for stopping by, we all appreciate your valuable input.
ReplyDelete