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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Tuesday, January 31, 2012

Not much has changed

Nothing really has changed for the medium term.
Markets pulled back yesterday and are quickly recovering
Expecting new highs soon..

quick look at EURUSD WEEKLY vs DOW INDUSTRIAL  to see long term perspective..

The outlined areas are where the EURO and the DOW have diverged...


A few scenarios possible  BUT
with record short position a move to at least 1.39/1.490 seems likely.
and above there maybe even as high as 1.44

A break above the large channel  would see new highs..BUT more likely form 1.44 it starts to head lower again

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