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Thursday, April 29, 2004

van Gecko 06:31 GMT April 30, 2004
"Euro had satisfied m/t price time equality objectives with its 20 pip grind under last week's low..
as for the proxy twin, levels above usd/chf 1.31 are exhaustive & not sustainable without a liquidity dive down to the 1.28's.."

How high will the dollar blip?
With 4 Big Black Down Candles (Yearly Monthly Weekly & Daily) hanging over the dollar's head and failing to take out the falling 50 week ma in the last 10 days, some prudent dollar movers may be more pre-occupied with profit taking on blips instead of buy more dollar on dips infront of a falling knife on this last trading day of April..
Cheerios..


van Gecko 12:48 GMT April 29, 2004
if 1.1760 survive the fenzy bottom feeder's assault this week.. the odds for "Sayonara dollar..take a Siesta" will increases substantially as the market begin the month of May..


van Gecko 01:19 GMT April 29, 2004
re gold, precious metals & commodity currencies..
before everyone get all excited & hopping on the over-crowded Bear_wagon to Herbieville..
Declining Volume & Open Interest from the early April peaks while the markets are in near term retreat does not make a m/t bear market..
in non-layman speaks, its like driving a car with a leaking gas tank.. the markets are running on thin air.. out of fuel.. out of gas..
a classic & proven market contrarian rule..


van Gecko 14:39 GMT April 28, 2004
every pip at these temporary depressed major vs usd levels is worth its weight in gold.. $380 gold is a tough nugget to crack..


van Gecko 10:05 GMT April 28, 2004
A falling or rising 50 week dollar index ma always cap any m/t mid trend corrections..
At times, over/under-shoots will tease excited bull/bears into a buying/selling frenzy at/near the m/t corrective top/bottoms just prior to the m/t trend continuation reversal..
The dollar had failed for 2 consecutive weeks up at the falling 50 week ma..
more m/t freebie fx food for thought from the voodoo school of psychoanalysis..
cheerios..
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