Fri Aug 5

Originally posted Feb 16, 2011.
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

> Market is moving too quickly to post trades <

USDCAD short 0.9788

Bullish daily and weekly charts ~ GBPCAD, USDCAD, EURAUD and
EURSEK (choppy)

We got the equity bounce and it soon evaporated and then
returned …

USDSEK short 6.5323 [c 6.4705]

SP500 bounce is expected from current oversold levels.

XAUUSD long 1658.09 [c 1662.21]

Bearish daily and weekly equity charts strengthen further.
S&P500 head and shoulders target is 1,176 and further
downside expected.

As mentioned for some time – S&P500 monthly has been tracking
sideways this year. This extensive distribution signified a bearish
big picture and that a significant downtrend would follow.

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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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