Remember May 2008, moving averages trend higher, price crossed above weekly channel and the US Dollar was trending lower.
Then you know what happened next:
Are we now in a similar market?
Umh?, the US Dollar is already moving higher and different from 2008 this supposed retrace from a down trend completed its 13th week two weeks ago. 2008 retrace took 8 weeks.
So what is coming?
Maybe these relationships have some meaning, we’ll see in the following days.
Closing prices
By the way almost all European markets closed strong today.
Feliz año nuevo a todos,
Technical Analysis of the Financials Markets, Swing Trading Speculation
Hi, these are just ideas not recommendations, sometimes I trade my ideas, sometimes I don’t.
Always remember, yours is the responsibility for your trades,
Good luck,
Erick
Always remember, yours is the responsibility for your trades,
Good luck,
Erick
Monday, January 2, 2012
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- Dow Wilder Signals
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- Dow January 26
- Wave 2 rule and the end of it
- Dow Jones Wednesday 1/18/2012 3:23 PM
- Nyse Advance Decline Figures
- Dow Update Jan 13
- Similarities between May 2008 – January 2012
- A few traditional technical signals and some untra...
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- 2008 again?
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About Me
- Erick Stern
- From the Dominican Republic - Swing Trader Speculator - Civil Engineer/Project Manager - sternloinaz@gmail.com
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