- 金币:
-
- 奖励:
-
- 热心:
-
- 注册时间:
- 2006-7-3
|
|

楼主 |
发表于 2008-4-28 20:38
|
显示全部楼层
Everything you say is correct but the most important thing to me is the wave structure. At this point, the most probable count is bullish until at least 1.52/1.53. Not to mention, COT data shows that traders are actually very long the US dollar and commercial hedgers are very short the dollar...always line with the commercials when commercials and specs diverge significantly. Keep in mind the quote from Keynes...."marktes can remain illogical far longer than you can remain solvent"...
even better is a quote from my favorite book of all time..Reminiscences of a Stock Operator (it is the fictionalized biography of one the Street's all time geatest speculators...Jesse Livermore)...anyway the quote is
“The trend is evident to a man who has an open mind and reasonably clear sight, for it is never wise for a speculator to fit his facts to his theories.” (page 122)
If we just look at the rally from the June low at 1.3261, it is clear that a 5th wave is needed to complete the rally. At this point, my target is 1.5277..which is a fibo extensionAttached Images |
|
|