Wed May 4 [b]

Regular readers will be familiar with this summary.
When DOW/S&P500 correction gathers momentum, I expect:
UP ~ USD, various USDXXX currencies, VIX Index
DOWN ~ EURUSD, AUDUSD, NZDUSD, GOLD/SILVER, Base metals like
COPPER etc, CRUDE OIL.

We revert to USD strength yet again, as the equity correction
gathers momentum.

EURUSD short 1.4879

‘COPPER has ignored the recent equity bounce. Daily and weekly
are not bullish’ ~ March 31, 2011. The weekly chart of the ultimate
leading indicator has been tracking sideways throughout 2011.
This is not bullish and indicative of what lies ahead.

EURSEK daily and weekly charts continue to warn of significant upside.

EURUSD short 1.4869 [closed 1.4871]
NZDUSD short 0.8034

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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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