Gecko Global Analytics

van Gecko 15:56 GMT June 26, 2002
euro parity watch for June 2002..
supports coming up around the 9780's.. then 9680's..
being so close to the end of June.. a close below 9800 could be labeled by the bears as another "AHSOO" (Ah_Soo_Close) attempt for parity in June (or in 2002.. ?)..
all newly born euro bulls should watch her Majesty & her guide dog eurgbp 6450 level like a hawk for clues..



LONDON DJR 13:32 GMT June 20, 2002
Calcutta Vikram
iknow what you are saying and what you were looking at.. i was looking at some similar.. cost me close to 1 million bucks to find out.. today we see the top for the EURO, ( latest tomorrow ) then start the 300-500 point correction of the move up from 0.8560 to current highs.. i had set 9616, 9627 and 9645/48.. with the US dats today, i would have thought we woudl have seen even higher in the EURO.. but we have not.. so food thought..
as everyone on here knows, i have been the biggest EURO bull for a very long time, and take a lot of stick for it, but made an absolute fortune, ( gave back a bit in last trade ) and i still am Bullish for EURO.. forget Parity.. target 1.04 1.10 and 1.14 longer term. but for now beware a 300-500 point reversal can and must be allowed for.
Good Luck..
Dave,.
ps i would say below 9550/70 wil confirm a decent top.. how far down we go depends on the reason why we reverse.

van Gecko 00:43 GMT June 20, 2002
Va Raven & hk topic.. sorry was off screen
another Euro failure to take out 9580 with the efforts of all those 'little pushers from 18:00'.. and now with the latest White house evacuation scare..
potential hourly 'Flat top wedge' & "mini M' (triple top) formations now being painted..
taking out the hourly channel below 9560 would indicate a preliminary break of the wedge..
taking out 9540 would confirm the 'mini M' triple top..
these 2 voodoo combination could be potentially lethal to euro's 9600 near term aspirations..
gl


van Gecko 15:18 GMT May 30, 2002
USDJPY & the irritating BoJo Sans... m/t voodoo pyscho analxxx.. 2
the 12310/12280/12250's are major historical support/resist clusters in-coincident with the present 20 month ma..
near term, unless we see a 'miracle BoJo show' by pushing the raging Yen back up to the 126/127's.. the odds are greatly stacked against the market seeing 135/140 in the medium term..
a 12 yen reversal from a major top (135) along with a monthly closing at/near the monthly lows could bring out the remaining m/t Sumo guns pushing to break this monthly support clusters for extensions down to the 115/116's.. and the major 111/110 lines..
looks like some irritated Sumo bull's Geiger counters around the world will be working overtime to detect BoJo san irritate_tivities for help... while some patient Sumo bears will be jumping up in glee with all the Sell On Blip opportuntities compliment of the bulls & irritated Sans..
vely interesting Sumo tic-tac-toe dancing times ahead for bulls & bears here..

van Gecko 19:38 GMT May 30, 2002
is this it ? end of the week.. end of the month.. of the line.. ?
as for those occasional hindsighted lurker snifer's attack on our brave Global friend's 'foresight wrong calls'.. get real & get a life (or get a wife?..:)...
since 88% of us seems to be wrong 88% of the time (my apologies to the lucky 12% who is always right..:) then if 88% of us also post error retractions.. then 88% of the GV posts will be clustered with apologies/error admissions, leaving little or no room for the remaining 12% market calls.. and if this should ever happen.. who would like to see a forum where 88% of the posts are of the 'i am sorry for my error...' day after day ?
sorry for a vely confusing & twisted '88% logic'..?
have a nice day all..


van Gecko 16:36 GMT May 28, 2002
How high will Euro fly... ?
the June usd dollar index hit an intrady low today down at 112.02.. a tiny 19 bps from the 9/01 low of 111.83 which corresponded to Euro's aberrated high up at 9330 in September 2001..
the mass sentiment now is the same as back then.. as everybody and their dogs seems to had turn euphoric & jump on the Euro bull wagon..
back in 2001, after hitting that intraday high of 9330.. Euro spent the next 5 week in a tight 250 pip range before embarking on its 16 month decline down to 8550's in February of this year.. (btw, where were all the Euro bulls back in February ?)
looking at the 3 year market dynamics since it's life time low of 8225.. & with the USD seems to be screaming confirmation of a 10 year Triple Top here.. Euro is now poised to take out 9330 for the next major targets up at 9500 & 1.002..
however, before everybody & their dogs again turn euphoric & scream for a straight line up to 9500 from here.. my bet is for Euro to do a 'near touch/ or touch/ or nominal breach of 9330' from here then a nice correction before attacking 9330 & the blue Parity skies..




van Gecko 10:08 GMT May 21, 2002
watch for fireworks lighting up the European & Land of the Rising Sun skies once gbpjpy takes out the 183 line here..

van Gecko 08:52 GMT May 21, 2002
USDJPY is now setting up for a repeat of that great March 5th slide when it failed on its day after big sell-off to regain the crucial 132.00 & 50 day ma lines which prompted the bulls to panic & bail-out..
same set-up today.. failure to regain the 126 & this time the 200 day ma lines here at these depressed levels could cause a latent sell-off today or tommorrow as the bulls may once again do another "last buy first out" scramble to bail-out..

take care all..


van Gecko 01:14 GMT May 20, 2002

US Dollar/Equities is the dog (Dollar) following the master (Equities).. or is the dog leading the master ?
The near term conflicting dollar/equity directional bias as of 5/15 will no doubt cause all dollar/equity experts to explain & securtinize the dollar/equity correlationship again……
Since hitting a recent year high back in July/01, the dollar had been basically following & dancing to the tune of US asset markets..
Sometimes they dance insync by hitting bottoms & peaks together.. at times, the dollar rage on & overshoot the equities at peaks & bottoms.. but it always return & follow the equities up and down like an obedient dog following it's master..
will the dog wag its tail then follow the master ? or will the master follow the dog’s wagging tail this time ?
at this moment, the dollar’s plunge since the 5/15 top is looking bleak & shaping up as another retrace failure trend continuation.. but with the US assets market firming up across the board & pushing higher .. is Friday's dollar pluge vs higher equities a near term aberration or trend continuation.. ?
as of Friday;
- Nasdaq weekly had closed above the Frebuary 1700 trough for the 1st time since mid April..
- Dow’s weekly close is above the January highs.. and with the supports of the converging 21, 50, & 200 day ma down at the 10100’s, it could target & challenge the March 10600 highs near term.. above, it’s the May/01 11300 highs..
- Will the US Dollar/Equities flower & bloom in May again ? or willow & sink into the deep abyss now with the weight of all these ‘Johnny come lately’ bears hopping on the US Dollar/Equity bear wagon ?
;
Even tho I had been a long time born again Euro bull pushing the numero uno currency for 9500/parity since December.. one must bear in mind the potential near term self-fulfilling prophecy from the school of voodoo charting psychoanalysis;
"The risk of chasing the Euro from here for 9500/Parity before a major retracement out weights the potential reward of another 50 to 100 pips to the upside.."
from here, the next major upside target for the raging euro is 9250/9330.. the risk vs reward for anything over 9250/9330 from here on a 1st assult basis is very interesting.. for the closer we get to the 9250/9330 lines, the odds is inversely stacked for the bears & against the bulls as 9330 was seen only once since April 2001 as an aberrated top ..
;
Stay tune & stay glued for another interesting US Dollar/Equity week coming up..
Lots of pipy Cheerios & a profitable week for all...



van Gecko 13:02 GMT May 16, 2002
morning friends.. whats today's 'best bet' ?
snoozy peaceful overnite ranges across the board.. looks like another nice impulsive USA move instore for us here..
so what are we gonna bet? will it go up to the sky? or down to earth?
intraday.. i bet nobody knows unless you belong (or have a hotline) to the camps of those fx market moving gods..
for patient position traders, may be the best bet is to go back to bed.. but if we can't resist h'i$$ing more pips into the fx wind & must bet.. whats the best bed? to bet or not to bed.. ?
(be right bet.. with the 'best bet'...:)




LONDON DJR 09:56 GMT May 14, 2002
hk revdax 09:39
i wrote yesterday morning, that there was good chance of a triangle to develop in the SWF, and EURO.. and targets were 0.9050/53, and 1.6065./75.. but break above 1.6085 will target now 1.6145/50, and EUERO below 0.9040 will target 0.9010/15.
I think your turn is just an internal correction, and would see a better chance at 1.6145/50.. but once we have seen this level, i would look for 1.6185 as break foer 1.6300, even 1.6400.. between 1.6300/1.6400 i would build Shorts for 1.45/1.50 move..
EURO equates to 0.8915 to build long euro agian.. with risk been know to 0.8700.. target 95/97 before October.
oh and before any one asks..
YEN once 130.15/20 as been broken, and i am sure it wuil be, i look for 145.00 as initial target.
Dave

van Gecko 08:28 GMT May 14, 2002
$Swiss & $Japanese now embarking on a mini term Baby Bull reversal..
where will the twin Baby Bulls stop ? i guess no mortal Fx soul would know..
a simple non anticipatory trading tactic for patient but brave pip-pickers who can't resist the the urge to pick the Baby Bull tops; watch the hourly voodoo bars like a hawk..@_@.. and sell the Baby Bulls only after an hourly close below the previous hour's low..
this simple Baby Bull top picking tactic may or may not work, but it'll definitely increase your Baby Bull top picking odds..
as usual, my FxD(Fwiw fx Disclaimers).. BoF(not Bank of France).. & PcE(Pam's Cleavage Emptor)

van Gecko 01:07 GMT May 14, 2002
$Japanese Baby Bull Update..
for all Baby Bull watchers & Baby Bull doubters wondering if the Baby Bull is gonna take out the 128 lines here..
more Baby Bull voodoo chart formations to watch here;
all 3 micro time frame voodoo charts from 30min. 1hr. & 4hr. are on the verge of following through up to the 128.90 & completing their respective time period "Boomerang Hook" formations here..
on the bigger Daily time frame.. the same Boomerang Hook had been forming since the 5/3rd Golden week 126.80 lows.. once the Boomerang whip up pass the near term 129.50's, the short term Hook of the rising near term Boomerang is up at the April Fools day 133 highs..


van Gecko 15:46 GMT May 9, 2002
to flow or no flow.. ?
there's no magic grail in fx flows.. especially if your a private trader..
one might get lucky the odd times & get a few pips from everyday flow rumors.. but unless one has bottomless cash flows, over time.. one's cash will most likely to flow out of the trading account faster then the few odd pips that flows into the account..
even the Mongolian CB saw a great portions of their GNP flow out of their Fx trading reserve once..
i guess their horse traders learn Forex horse flow trading & Mongolian upside down horse riding don't mix well the hard way ..


van Gecko 00:04 GMT April 23, 2002
$Japanese April Flop update..
2 Outside voodoo Reversal Weeks in April depicts on-going market non-confident & negative sentiments for the upside..
Still targeting the 128/125 levels before any sizeable retracement..
Usd/Jpy here @ 130's is still not attractive enough for prudent yard traders to go long for 135's against the prevailing Quarterly down trend..
Cheerios..



van Gecko 17:35 GMT April 17, 2002
Euro, Swissy, GBP, CAD, AUD all making 4 month highs today across the board.. not just one pair making a fluky flash Gordon blip here..
with USDX index pressuring to take out last month's 116.80 low in the next days to hitch a 80bps stop train down to January's 116 low.. it's looking like a real bull deal here for all of the beaten up majors..
a long awaited major USD corrections down to 9/01's 112 & 1/01's 108 levels under the recent 10 year USD Triple Top..

van Gecko 12:13 GMT April 17, 2002
good morning friends;
our love/hated numero uno euro showing signs of coming out of snooze..
a potential reverse break of the April fools week 4-point Pearl box up to a 4 month high here..
mini term, 4hr & Daily voodoo pictures in sync with the medium term weekly bullish Triangle..
long marching e_utopian friends may have reasons to rejoice as this 4 month snoozy 8570/8888 side to up range may be ending soon..
Cheerios..


van Gecko 15:58 GMT April 9, 2002
$Japanese April Flop of 2002..
market dynamics over the last quarter points to these are exhaustive market tops looking for deep bottoms..
for position players, it's a great bet here to kiss goodbye (not good buy) to $Jpy 135.. EurJpy 120.. & GbpJpy 192 for a long time now..
Cheerios..




van Gecko 18:56 GMT April 8, 2002
hello world..
major April Flop (going DOWN) in progress across the board here..
to all my lucky short marching $Japanese friends, if you had got in from April Fools day, a very nice ride so far..
trail a stop above the Daily 21ma, partial t/p around the 4hr lower bollinger bands, then keep on SOB'ing infront of the Daily/8hr/4hr 21ma's.. & hang on for the $Jpy 128/125.. GbpJpy 184/178.. & EurJpy 112/110 levels..
Cheerios..

van Gecko 13:32 GMT April 1, 2002
hello world.. morning friends;
a potential money making idea for April fools week.. "Tops & Bottoms tends to form during the 1st days, or 1st week in April.." in years past, $/Yen had seen some very nice moves during this period (4 to 15 Yens)..
now, the million$ Fx question is "how do we trade this potential market move..?"
a K.i.s.s clue & potential betting tactic for pip-marchers (position player); go with the 'best' Risk vs Reward as viewed from major Top & Bottom levels..
as usual, FxD(Fwiw fx Disclaimers).. BoF(Beware of Fools).. & PcE(Pam's Clevage Emptor)..
Cheerios..




van Gecko 03:58 GMT March 20, 2002
GoldCoast th greetings, sorry for the late reply to your 21:07..
I believe your day trader friend must be an exceptional person. Never hear of any day traders able to take money out of the market on a consistent basis year after year, only read it in trading books where new & frustrated losing traders with their elusive dreams of trading $5k into millions by “limiting their risks” in trading the shorter intraday time frames..
Trading is not an exact absolute science contrary to the myth of most new traders. In trading, we must allow for a margin of errors within our defined risk & trading time frame, and allowing for this margin of error under the constraint of a one day trading time frames & achieving consistent profits over time is very difficult if not impossible.. as whenever your right, your only small right..
Disciplined positional trading under expanded time frames allows for a wider margin of errors but at the expenses increased risk.. however, under the proper market bias combined with good trade management strategies, the odds of being right are enhanced, & when we are right, we need to ensure that we are bigger right to re-plenish the playing capitals in-order to compensate for all the times when we are wrong..
gl..
Harper 21:37, sorry for the late reply;
$/Yen at these levels (132/133) could be quantified by the typical "700/350/200 pips move/retrace/move" liquidity rule of thumb as shared by our beautiful friend from shanghai..
imo lucky $/yen bull movers are at/near cargo distribution levels here by orders of the ‘$/Yen Market God of Liquidity’.. $/Yen bull piglets aside, don’t think any prudent $/Yen bull movers will consider additional accumulations at these levels for a 140 moon shot without a correction 1st from these levels..
Cheerios..


van Gecko 19:01 GMT March 15, 2002
Harper good morning, your 17:41 trading bias for $Jpy is fine.. the real money in fx is in patient positional trading with the prevailing directional bias, vs trying to out-smart the market & trade it with an absolute "must break/must hold/must get there" attitudes..
that said, $Yen 130/131's if seen are great r/r levels for patient SOB biased players to sell for another s/t 4 to 5 yen play.. but this doesn't preclude that the market often surprise & disappoints.. especially when we get too complacent or least expected..
have a nice w/e..



van Gecko 17:41 GMT February 28, 2002
hello world;
unless we some some last minute month end sharky feasting here.. Euro will close off February in fine shape..
when last month's close was only 10 pip above the 8570 low & February fails to follow through with 10 tiny pips to take out the January (year?..:) low,then its a fair bet that some fat Fx'ing elephants are sitting down there & here...
lotsa Cheerios for all in March...;)

van Gecko 14:08 GMT February 27, 2002
howdy, SYDNEY;
with today being the epic centre of the monthly funny moonie cluster days.. a 100 pip USDJPY dip down to the 133.80's is reasonable.. below, i'll be watching the 133.33's with panda eyes.. @_@
gl


van Gecko 12:48 GMT February 27, 2002
hello world;
$/Yen (134.90).. is at, or is vely close to the Daily range extreme here.. vely good r/r SOB pip-picking & pip-marching opportunity..
another 98% money making extreme contra "freebie" here .. ;)
Cheerios...




van Gecko 17:18 GMT February 27, 2002
SYDNEY; USDJPY price dynamics over the past 24 hrs is another classic exhaustive micro top in the making.. with the 134.75's capping today's move, the mini term voodoo pictures projects sub 134's over the next 4/8/12 hrs to finish off February in a Down note & start the real move in March for that long awaited 6++ Yen corrective move..
gl
Houston; you're welcome..
gl

van Gecko 01:09 GMT February 27, 2002
USA RUMS howdy, was off for snooze..
sorry if my views had touched you or anyone's trading nerves..:) that say, if you are in a USD dilemma, try asking your question in a semi-nicely manner, then yours 'truly' or anyone of our capable friends here might just risk global ridicules & offer our "IMVHO or whatever views" for your predicament.. Cheers...;))

van Gecko 19:29 GMT February 26, 2002
when all these shark mince meat feasting are done near term.. e_utopian may be in for some surprise joy here...;) things are different this time around..

looks like some well done pork chop whip-saw_tistist in the making...
have a nice day all..

van Gecko 17:48 GMT February 26, 2002
Harper.. good morning;
when the funny moonie induced sharks stop feasting on the Europeans watch the 8630/20 lines..
clues; the s/t time tested leading indicator eur/gbp holding firm here at the 90's.. also, remember that 88% of the usually wrong crowds get all excited, & start screaming at the Tops & Bottoms..
gl




van Gecko 15:45 GMT February 25, 2002
hello world..
$/Yen Daily voodoo picture now looking done like half cook Tempuras falling out of an Upside down Suishi bowl..
too many SOB'ers stacked up across the 134's for another knee-jerk move up to the 134.80's..
Houston vn: Good morning, if you're not sure of the $/Yen top here & still like to short it for my 6++ Yen corrective move, instead of being an SOB'er.. you could sacrificing a few pips & try doing a SOS on break of the 133.33 line & let the market lead you down to the intermediate 132.2.. 131.50 Sake' drinking well..:)
Cheerios...



van Gecko 13:54 GMT February 21, 2002
hello world;
$/Yen touches 134 again here & almost all $bulls & their Jpy bulldogs are hollering for a 140/150 moon shoot again on this leg..
so, what are the odds for that to happen without doing a major correction 1st ? .. here is my 6 cents (6 Yen?) bluff;
Since 1996, the odds for a new High after 3 successive tries in any given 4 week congestion period where a new high was made at the start of the period is nil.. zero.. 0.. the 5 most recent periods are; 1/01, 4/01, 7/01, 10/01, & 1/02...
the "Law of $/Yen Congestion Failure", or 3 Yens & You're Out ?...
Cheerios...




van Gecko 14:31 GMT February 11, 2002
hello world;
like a galloping Horse, Euro followed up on last week's Double Reversal Buy Fractals & regained the monthly pivotal support 8838, & now at lucky 8788 again..
above, could re-target lucky 8838 & 8888 during this 1st week of the year of the Horse..
near term, anything between 8738 down to 8688 is now a vely good buy for long marching & born again e_utopians...
;
Jkt Java - & all my friends;
Gong Xi Fat Chai.. Kung Hay Fat Choi!..
Cheerios...

van Gecko 17:32 GMT February 8, 2002
houston vn, good morning;
Happy New Year of Horse and have a very sucessful, prosperous Year of Horse for you & your family.
imo $/Jpy is now approx. 3/4 way through a "half moon" topping process here.. since mid January, all attempts for a daily close above 135 had failed & are signs of knee-jerk exhaustive tops.. better odds here for Yen bulls to win money & for Yen bears to LOOSE money (= give us, Kevin's daughter..." lei see" money)..
you can see a very good example of a half moon topping process in the Daily chart for the periods from June-July/01..


van Gecko 14:35 GMT February 8, 2002
hello world;
I wish all my friends a Healthy & Prosperous Chinese New year..
USD Index;
after a Blip up to 120, broke primary weekly support, now below all 3 pivotal weekly Freddy fibo levels & hanging upside down, threathening to take out the secondary support here @ 118.80. once through, it's another 80 bps plung down to 118...
closing below the major 119 level increases the odds of a recent 10 year Triple Top confirmation.. a big time Weekly Sell Fractal for a major correction to retest the Jan/01 lows down at the 108 levels..
a great time to be a born again e_utopian..:))
Cheerios....;)




van Gecko 18:36 GMT February 7, 2002
Harper morning, there's a serious liquidity problem here.. most of the Big players are either sidelined or had already accumulated & are positioned at various levels already & waiting patiently..
the present market movement are the activities of bottom/top pip-pickers tearing at each other with their 20 pip buy/sell moves..
imo, the PBBS (Piglet Bear/Bull Split) is now approx. at a 88/12% split.. for the minority 12% bulls, it's buy low & may be sell higher later.. & for the majority 88% bears, it could be sell low & force to buy back them higher...:)



van Gecko 17:27 GMT February 7, 2002
LONDON DJR, the Daily Euro PCI Rocket already launched...:)




van Gecko 19:56 GMT February 6, 2002
for all my lucky long marching e_utopian friends who has access to daily & weekly bar charts.. euro is now in the early stage of painting a potentially very lethal & rare 2x(3x3) back to back Weekly x Daily Fractal formations;
the 3x3 weekly bars starting from 01/21/02 to the present is commonly referred to as a 3 Week Reversal Fractal..
and the 3 bar formation from Monday to here is what i refer to as a "3 Day Reverse Rocket Fractal"..
together, these 2 back to back reverse Fractal combos are set & pointing up to the following moon craters in the near to medium terms; 8778, 8888, 8950, 9050 9250, 9500...
this is a perfect set-up to resolve this hugmomgous long term triangle .. 1st, we had the usual 'false' break of 8750 to the downside, then the market follow up immediately with this explosive Reversal Fractal combos to the upside.. helloooo $..
;
VVRR (Voodoo View & Risk/Reward) disclaimer;
all my expressed views and trading ideas are intended for external FWIW consumption only..
There is great risks (& rewards) in Fx trading ..
only trade with surplus funds (& convictions), do not trade if you can't afford to lose..
gl & gz..zz..


van Gecko 14:40 GMT February 6, 2002
morning friends,
seems like life as a e_bull may be regulated to the slow lane for a bit longer.. 8615/20 may be last line of defence before 8550 & the 'ohmygod 8500'.. however, on the bright side, it's just a matter of time (& patiences) before life Up at the 89/92 fast lane for patient e_utopians again.. either from here or from 8500..
howdy Rick, what is your preference from here (8645)? SOB or SOS.. ?
Cheerios...;)


van Gecko 17:47 GMT February 4, 2002
USDX, march $ Index
on verge of confirming a 10 year triple top here.. could see a nice corrective move down to the 111/112's here, below could see the Jan. 2001 lows down @ the 108's.. mm.. a symmetrical 2 year/48 month cycle unfolding ?


van Gecko 16:42 GMT February 4, 2002
ldn f.x , $/Yen is getting very lonely up here, liquidity seems to had dried up since the middle of January..
imo the recent price levels had been the actions of a few major players trying to knock each other out silly, while the prudent & inscrutable sumo westlers are waiting for better levels (a 6+ yen correction to 129/128-) before taking on the re-juvenated Geisha to do that '136/137 sumo jive' dance again.. ;)


van Gecko 13:27 GMT February 4, 2002
hello world;
e_utopian friends may have reasons to rejoice soon...;) European curriences now close to confirming intermediate/major bottoms here..
Cheerios..

Prague K 12:21.. basically, if a resistance level is breached, the odds for for the next level to be tested/breached is significantly increased. In general, taking out levels in the higher time frames combined with closing above/below moving averages offers a better directional bias/clues for the future.
for instance, Eur/Gbp @ 6095, a 4 hr close above 6100 will increase the odds for testing the next resist up @ 6120's, & a daily close above 6120's could confirm an intermediate bottom last Friday down @ 6068.. hope this will help..




van Gecko 20:16 GMT February 1, 2002
harper, successful trading is very difficult, if one is fortunate enough (or expect) to play & survive in this sordid business.. we will eventually learn to develop a trading style to suit our personality & play capital..
imo, views expressed here may be deemed right & suitable for the individual poster only, but they should be taken as FWIW (or "IMVHO") for external use.. therefore, if we choose to accept or follow these expressed "FWIW/IMHO" here, one must exercise due diligences & keep Pamela's "Cleavage Emptor" in mind...:)


van Gecko 14:36 GMT January 28, 2002
hello Dallas 13:51, hope you're fine mate, in my trading time frames & voodoo x'tal ball, Euro at Parity is a viable target, a few hundred pip fluctuation within my pip noise channel is no big deal, as long as it is within my risk limit..
remember, Fx is not a one way street, Euro retracing 1000+ pips up to Parity before your 80 cents is still within the definition of it's long term down trend..
another point to bear in mind is that 88% of the usually wrong Fx Piglets start screaming at the tops & bottoms..
;)


van Gecko 17:15 GMT January 18, 2002
yooo! london pipraider FWIW! :-)
Ah-ha! i'll add to your big picture weekly E/$ilicone pips movement..
since 5/2000, the successive weekly MACD buys had been supplemented by some nice rising divergencies while the price bars had been making all these big "ABC.." ellio waves for the surfers to ride an ultimate "C" wave down to "0000 "..?
Euro could still take out that 8225 all time low some time in the future,
so, in what direction will that next 1000+ pips go from here ?
simple , classic long term techno voodoos had stand the test of time, imo the odds here for long/medium term bets are better for a 1000+ pips up to 9800/parity then a 1000+ pips down to 7800.. no?




van Gecko 19:38 GMT January 14, 2002
jcn hi, what handle did you use or had been using in this website for the last 3 years ?
fwiw, if one is from the very rare school of trading off the monthly & yearly charts.. Euro is definitely in a long term Down trend..
however, if & when Euro sees a 1000+ pips retracement from here up to parity, i'll bet you that 98% of the Fx'ing traders will be screaming "Up trend" !.. yet it is still within the confine & definition of being stuck in a Long term down trend to '0000'.. ;)