Tues March 8

USDJPY choppy daily chart continues to give bullish warning so
(choppy) upside is expected. Weekly is not bullish though.

I’m sticking with my March 7 call that EURUSD topped at 1.4035 on
March 7 and marks the beginning of the leg down.

USDCHF bullish warning strengthens.

AUDNZD short 1.3788

EURAUD – bullish
AUDNZD – bearish

———————————————————————————————————-
Recap of a Feb 16 post:

Have been asked to give a concise summary of what I see ahead.
When DOW/S&P500 etc. overdue correction commences, I expect:

UP:
US Dollar, various USDXXX currencies, VIX Index

DOWN:
EURUSD, AUDUSD, NZDUSD, Base metals like COPPER, CRUDE OIL,
GOLD/SILVER
———————————————————————————————————-

I’m sticking to my call on Feb 22 that DOW topped @ 12,391
on Feb 18 2011 and thus signals the end of the rally.

 

GOLD updated monthly chart shows converging price action which
should lead to a breakout (south imho) Bottom red line is the long
term trend. Both red lines are suggestive of a broadening formation.
Monthly chart is very overextended…

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I read comments but they're not published. Troll IPs are automatically trashed. [crinia AT gmail DOT com]

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