Go Back   DailyFX Forex Forum | FX Forum

View Single Post
  #21241 (permalink)  
Old 11-07-2009, 01:02 PM
apipintime's Avatar
apipintime apipintime is offline
Member
 
Join Date: Oct 2008
Posts: 1,719
apipintime is an unknown quantity at this point
Thanks

Quote:
Originally Posted by EZCashDreams View Post
Excellent work Apipintime... If this market rally is do to the weak dollar...as everybody says...Then I think this works great with the usdchf charts I posted last night.

I don't think it will take until spring though..I am thinking by the end of the year then after the 1st we crash and the dollar takes off....

Anyway...Great Job
Thanks EZ. The first of the year is an attractive target as well. What we could have in that situation is where the SP500(equity market example) corrects in it's B wave of the final double zigzag, at which time the dollar bottoms and start's it's Wave 1 up. While the dollar's correcting in it's Wave 2, the SP500 goes on to make a new high to complete Wave C of Z, meanwhile the dollar fails to take out it's Wave 1 bottom, thus creating a nice intermarket divergence and an end to this madness. Time will tell.

The Saturday Speculator
Reply With Quote
 


Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

All times are GMT -5. The time now is 06:00 AM.
Copyright ©2009 Daily FX. All Rights Reserved.