I do not know I have this strange feeling that it might shoot to the North today.... Maybe to 2.0000... Just a feeling...

Cable Update (GBPUSD)

Regardless of your research the price will do what it will do. It doesn't care about you.. So be prepared for ANYTHING and EVERYTHING.

Cable Update (GBPUSD)

By the way the the 352 EMA sits @ 1.9347 on my screen

Cable Update (GBPUSD)

It might... And the reson is that is the next trendline on my screen that could be broken... The one @ 1.9930 has gone for now....

Cable Update (GBPUSD)

Can you imagine a 500pips drop for the week?? I can. Why not. It is as lilkely as it reverses now rides 300 pips upwards... So just watch and protect what you have or wait patiently.... BONSAI trees do not grow in 2 hours it takes a couple of 100 ...

Cable Update (GBPUSD)

I am not just saying things when I am posting numbers ... I am playing those... I am short since 2.01775 ... Have fun...

Cable Update (GBPUSD)

I am going long @ 1.9950 if that helps

Cable Update (GBPUSD)

A couple of posts ago I said that the REAL YEEEEEEEEEHAAAAAAAAAAAA comes when it break below 1.9930 - 1.99500... Now watch.. THE PRICE not these ... MACD, RSI, MAs, etc, etc, etc....

Cable Update (GBPUSD)

Well, it is in my blood...

Cable Update (GBPUSD)

Well my firend the problems with the credit sector could have seriously detrimental effects on the economy... Simply there is A LOOOOOOT MOOOOORE credit money out there than equities... Not to mention the CDS (Credit default swap), the CDO ...

Cable Update (GBPUSD)

...or because you do not want to loose your house you start to withdraw from securities markets...

Cable Update (GBPUSD)

First you loose your house... (Higher interest rates, loose your job, unable to meet repayments, etc) Then you think well the DOW is down such and such points... Well I do not want to loose that so I sell... Or that mutual fund has my money... So I ...

Cable Update (GBPUSD)

And imagine with all the news like that "liquidity problems at hedge fund xyz..." or "fund locked cash withdrawals" and the like... Do you think they help??? (Help the momentum of mini-panic)

Cable Update (GBPUSD)

mini-panic is when you loose you shirt and the value of the stock market is down by 100 billion USD....

Cable Update (GBPUSD)

I wish I was a fishhhh... I wish I was a fishhhh... fishhhh, fishhhh, fishhhh...

Cable Update (GBPUSD)

GU DOWN DOWN DOWN image

Cable Update (GBPUSD)

And there comes all who lost a lot in the subprime mortgage market... and others who lost their houses and now their fear is there loosing in the stock market and loosing the remaining of their wealths... So they wil BAIL THE *** OUT...

Cable Update (GBPUSD)

The pressure is there.... DOWN...

Cable Update (GBPUSD)