The Pound may need one more move up to 1.5170-80 before a larger move down.
After that a further move up cannot be excluded to 1.5270 - 1.53.
JI
jimkane
Rep: 3,058
Posts: 33,089
Not much to say about today. Lots of smooth moves of nice size off areas. Very nice action.
JI
jimkane
Rep: 3,058
Posts: 33,089
BTW, crude almost hit a 35 handle today. It's one good day's selling away from my area I've dreamed about for so long.
JI
jimkane
Rep: 3,058
Posts: 33,089
Then I can get back to my biggest dream (okay, maybe tied with S&P sub-400), and that is the 'pig-f#%@ing POS Euro' sequence: break the over 30-year TL at the recent low, go under par, take out 80, hit 65, disappear from existence as a currency.












