Wednesday, January 11, 2012

FXE

The Euro is down again this morning. I just can't shake the strong feeling that this thing is going to bust out to the upside. The stock indexes feel strong, gold is up even with a strong USDollar, copper is up....the list goes on.
Not a time to buy THIS particular chart, but everything else points to a reversal in this one....
Here is a prime example:

Scale in. Control risk.

And I think that the bond market is giving a "headfake" today. But it remains to be seen who will be right and who will be wrong. Maybe I'm getting faked out!!  Remaining vigilant.
gh

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All comments are appreciated as it will give me a chance to adjust my content to any real people who may be out there. Thank you. gh