Thursday, September 10, 2009

Ameros

With so much talk about new currencies... Ameros, new world order currency bla bla... I am more than ever convinced the USD will rally from around these levels... it's become a herd trade the demise of the dollar. When did you see the market do what the most expect? I haven't... I see the demise of the dollar in the future perhaps but that will happen when most won't see it coming...

I find it very difficult the average joe shmoe or the shoeshine boy to be exchanging their dollars for foreign currencies and gold and silver and ending up being right...

That would be a first...

You know what my EW stands on USD that this is wave 5 of final C down... but today I just keep normal standard TA. From shorter time frame to the biggest - weekly charts for me work so well... some nice supports showing there...

 
  
 

UN report to replace the dollar

 
 


P.S.: I thank everyone for the kind words of support...
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2 comments:

  1. AnonymousSeptember 16, 2009 at 10:21 AM

    Hi Sal!! Are you thinking the same way at these values?

    ReplyDelete
  2. SalvadorSeptember 16, 2009 at 5:30 PM

    I'm sorry to sound kind of rude right now but you have got to be kidding me... you sure have a nervous finger...

    The index is in this analysis was at 76,80... today we're at 76,50. Major drop indeed... c'mon!! If you're nervous with these small moves it means you have way too much money in it... ease up the weight of the trade if you're not comfortable...

    or else just wait for the break of the trendline although we're now bumping in to supports right now, and in Elliott wave wise we're finishing the pattern and it suggests a big move once it's over...

    Only if it gets lower than 71 I will change my mind regarding to this perspective

    ReplyDelete