This mini rally moves in tandem with the upward movement in the Euros and the Pound (for those trading Forex).
The main target for this rally:
- Dow = 9090
- S$P500 = 944
- Nasdaq Composite = 1666
Cheers !
PersianCat (Millionaire-in-progress)
Wednesday, February 04, 2009
The Mini Rally has started
It seems that the mini rally that I am expecting is starting. The market rally somewhat with better than expected pending home sales (frankly, I personally feel that the home sales figures are no big deal). The market just need an excuse to rally. Even those with worse than expected earnings rally too. The rally is expected to last a few days.
This mini rally moves in tandem with the upward movement in the Euros and the Pound (for those trading Forex).
The main target for this rally:
This mini rally moves in tandem with the upward movement in the Euros and the Pound (for those trading Forex).
The main target for this rally:
4 comments:
Is it mean that it may be a good chance to LONG EUR/USD or GBP/USD ? Please advise. Thanks.
Yes
Why is that so ? Any reason that EUR or GBP may be stronger than USD. Thanks. Good Luck and Great Trades. Cheers !
Generally, as the US stock market goes up, the dollar somewhat weaken. In the current situation, US economic environment is in worst state than Europe. As such, a US$ weakening against Euros is long overdue.
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