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



Monday, January 2, 2012

2008 again?

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,

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About Me

I am a civil engineer who likes charts, to me, speculating in the markets is both a hobby and a second profession and in my view the stock market is the most honest environment, since it is only your knowledge and preparation that matters. I live, and work in the construction industry, in the Dominican Republic. I read and answer all my mail so please feel free to write sternloinaz@gmail.com Thanks, Erick