XJO 0.46% 7,953.2 s&p/asx 200

and now its tuesday, page-24

  1. 180 Posts.
    Interesting to note that the US dollar which is moving up again. I think its possibly forming a mini head and shoulders with a possible top around 80. Tricky trading this should give an oppertunity for some shorts in the near term or some more longs if the pattern happens.

    http://stockcharts.com/h-sc/ui?s=$USD&p=D&yr=1&mn=0&dy=0&id=p89234409778

    Anyway the USD is looking like a shorterm long at the moment. Longer term I'm still looking at a target 71.50.

    I just don't see the USD getting strong unless the markets totally crash and they buy it for safety hehe!

    The Euro could get sold down to the lower part of the trading range around 1.37. Still think the euro is a longer term long.

    So still staying with the longs in commodities and AUD. I'm out of the Euro. No position in any index at the moment.
 
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