Friday, March 20, 2009

20 Mar Euro


I felt duti bound to update with the Euro chart. This is taken yesterday, with the TD count at 9. Today is 10. Compared to the previous test to 1.4700, Euro may have topped out today, especially today is Friday. less than 2 more weeks to ECB meeting. Better to take profit, and plan for next time.

That also means Equities may have topped out at 803. most people were looking for 805 to 860.
How far down it goes it a big question, would it retest 700 ? or 666 ? or may be even 500. My subscribers would be updated accordingly.

Citigroup names its CFO as its Chairman. It is kind of boring.

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