right shoulder is no good, but we have a bullish MA cross over pending
Euro giving false signal
Euro strength = commod strength = market strength !!
BUT we have
Euro strength = commod weakness = market weakness !!
so this will result in 1 of 2 scenarios folks
1. Euro rally is fake due to Chinese/Japs supporting Debt auctions = artificially inflating the EURO when in reality = risk off and euro would collapse!! When an instrument is artificially inflated then risk in other instruments will not follow it as they are aware of the false strength in the instrument
2. EURO rally is indeed organic and justified on fundamentals , then risk on and the all the markets catch up to the EURO and rally ...........
I favour the 1st scenario for now, but as traders we must be willing to change our stance when the market signals its intent to us
As Day traders we don't care .........we are like surfers who just ride the tide !!
Comments
Euro giving false signal
Euro strength = commod strength = market strength !!
BUT we have
Euro strength = commod weakness = market weakness !!
so this will result in 1 of 2 scenarios folks
1. Euro rally is fake due to Chinese/Japs supporting Debt auctions = artificially inflating the EURO when in reality = risk off and euro would collapse!! When an instrument is artificially inflated then risk in other instruments will not follow it as they are aware of the false strength in the instrument
2. EURO rally is indeed organic and justified on fundamentals , then risk on and the all the markets catch up to the EURO and rally ...........
I favour the 1st scenario for now, but as traders we must be willing to change our stance when the market signals its intent to us
As Day traders we don't care .........we are like surfers who just ride the tide !!