Amidst the gloom, something for you guys to make monies.
Retrace to 38.2% which is right on the upward channel support.
Long Euro 1.4700
Target 1.5000
Stoploss 1.4680
Lehman Brother came out and say US going to skirt recession, and slow recovery. News on Citigroup has more writedown. Then GoldmanSachs says it may have the lowest profit in years.
When the big boys are positioned for SHORT. They can really churn out news. And being followers of the big Boys, Ben and Hank has nothing else to say, except to sound miserable.
Think there would be more blood if the market suddenly rally than if it falls to new low.
Just a side comment, seismics activity has been quite frequent recently.
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