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The last two rallies in stocks was a pure PUMP to for large funds to sell at higher prices. Todays sell off is purely what every one knows is about bullsh*t on the bank balance sheet and of course GS using the power on their computer programs (today they are selling). This day is for the remind the BULLS that bears are hear to stay...
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Originally posted by globaleconomicollapsView Post
This has long been an Itulip position. It seems puzzling. EJ believes that the Euro will stay together, but it does seem to be heading south.
Hi,
I'm new here (and a day trader).
It's been discussed among many of us that the Euro had to hit 1.2600 in order to be able to re-climb. Now that's happened, but the Greek crisis may hold the climb back a little.
It's been discussed among many of us that the Euro had to hit 1.2600 in order to be able to re-climb. Now that's happened, but the Greek crisis may hold the climb back a little.
Chartsky
Welcome. Look forward to hearing your trading thoughts.
Do you think the EUR/USD could reach parity? If any other debt issues arise, which I am convinced are inevitable, and/or if the ECB as some QE fun, I think it's a guarantee. Could be a while, but would be interested to hear your thoughts.
The $USD is at levels that could force more SHORTS to exit.
The FED doesnt want this, they need $USD down, stocks up.
See Zerohedge says stocks jump after plunge was the Fed notice to issue more $USD swaps to get $USD down
Ref: http://www.zerohedge.com/article/fed...e-reopened-fed
My best guess
1) FED will defend DOW 10,000
2) FED will fight the $USD rise aggressively at these levels.
3) Stocks down a little from here, then volatile sideways action.
4) The FED may win this little battle, but one day (Spain,Ireland etc) they wont. So I expect stocks to be up in three months. But Q3/Q4 all bets are off.
$USD chart showing critical 400 week EMA to be challenged. $USD001.jpg
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