Friday, February 17, 2006

Stay alert! -- the assault could occur anytime!

For EurUsd aficionados, you will note that a 4-hr close above 1.1931 is not the only requirement -- she must also take out the overhead Fib Ext @ 1.1934.

GbpUsd must close > 1.7458

Don't neglect to closely watch UsdChf for she is very closely related to DX -- in some unfathomable, convoluted manner, her puny 4.1% part of DX notwithstanding.

Bottomline: the mini-attack is on; but will it escalate beyond the battalion @ the Fib ext.?

I don't know the answers to these deep questions -- my name is Joseph, not Abraham! :))

1 comment:

  1. Me thinks euro has fallen back to pick up reserve troops and is about to storm the castle walls.

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