World Clocks

Wednesday, September 24, 2008

At the Top for the Drop


Observations: Late last week the USD weakened considerably with extreme volitility due to the credit crunch, the commodity and Euro currencies benefited in dramatic way. With some resolution and eventual intervention by the US govt, I see a correction coming back to the downtrend, and a strengthening US dollar.
The fall may not be as quick, but I see an upside to the British pound unlikely, so at this point I'm short near the 1.8500 handle. I could possibly have my wave count wrong. Lets see how it plays out, remember can't be accused here of 'Hard right edge' :)
Posted by Seaducer67 at 6:36 PM

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