Technical analysis of Major Markets, F/X, and anything that can be traded This is my diary for trading Views expressed in this are only for educational purposes. They ARE NOT recommendations to BUY or SELL anything!! ALL comments and criticisms welcome.
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Look back over the past, with its changing empires that rose and fell, and you can foresee the future too.
— Marcus Aurelius
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Thursday, October 6, 2011
Copper..short /medium term buy?
Pretty self explanatory..looks like we are in the "buy" zone, and good stop level (if we go below the red zone, history shows it can be a fast move down) not far away...anywhere near the blueish line ...a sell..
Wednesday, October 5, 2011
AUDUSD possible count
If we have completed a wave 3 the next move up will be a choppy wave 4, possibly to underside of wave 1. Then new lows.. This would tie in with a 4rth quarter rally in all risk assets (equities, commodities etc), and obviously a weakening of the US dollar vs most major currencies...
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