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FibbinArchie replied Oct 6, 2010Hmm, well it seems to be holding beneath the 2008 low, so that's an entirely plausible scenario.
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FibbinArchie replied Oct 6, 2010How's your UC doing, I'm long from 9640 sl at 9580, I'm not too optimistic tho' given this afternoons pa. I may just bail if it takes out this afternoon's low and look for an entry further down.
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FibbinArchie replied Oct 6, 2010near to the bend at the end? close to 61.8%, strong factory orders and no follow through on pa... as of yet...
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FibbinArchie replied Oct 5, 2010Hmmm, your red line is also the 423.6% extension of the most recent up-leg from yesterday's low at 3637 to yesterday's high.
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FibbinArchie replied Oct 5, 2010Wasn't Wizard of Oz supposed to be a direct reference to the Fed, wasn't the Scarecrow a representation of the farming industry and the Tin Man heavy manufacturing? Is that right or am I imagining it?
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FibbinArchie replied Oct 5, 2010Yeah, it must have been the Voltaire quote I was thinking of and that's before they did away with the Gold Standard...
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FibbinArchie replied Oct 5, 2010Arrgh, the pain, the pain (of being stuck the wrong side of the spread for 12 hours), what do I do? Cover at B/E and of course just before the market gets smashed? That's my normal trick.
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FibbinArchie replied Oct 5, 2010He's just a different facet of the establishment, I was kinda kidding...
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FibbinArchie replied Oct 5, 2010If you take it to the n'th degree, then all currency's intrinsic value is zero, it's all a big house of cards... Go Ron Paul Revolution, (oops, a couple of years too late)..
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FibbinArchie replied Oct 5, 2010749 is 50% retrace of latest up leg, LTL & 61.8% confluence comes in around 721, key support IMO.
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FibbinArchie replied Oct 5, 2010Significant support levels below current price, assuming it can take out this level around 825-30, which levels are you guys focussing on? Any reason to think it could take out 790, indeed have we just seen a near term top? Notable bearish MACD & ...
EURUSD