friday frollics, page-28

I agree mongo but the usdjpy can go up at the same time
throwing out the index. Not many markets can walk alone
but it can and has a good weighting in the usd index.


DrR i feel it will go up based on bear shorts being covered.
When they are diminished then it can feed of the bulls stops.
My weekly charts are still bull with the break out power
of a third leg up. It would even leave room for a continued
bear trend on the monthly.

I try to follow my trading rules based on the 5 min trend
but get excited when I see the same entry signs on
the weekly's.

I'm still long and looking to add.

regards paul