Saturday, May 23, 2009

23 May Summer





SPX final target at 939,
SPX never make it for the Double Top pattern. Otherwise 827.
Euryen in triangle formation, watch for breakout.

For those who follow this blog for forex, my personal target is 1.5000 for EurUSD, suspect the traders would take advantage of Monday low liquidity to drive towards 1.5000 for most part of it.

USD index finally below 80 after lunch. 70 is in view. However still not a crisis.

2 comments:

Anonymous said...

Ya i know Hey DollarProAragon what do u think about the housing market? is it going more down, wuts your view on that as im intrested in a house which cost is about 700k in ny .

DollarProAragon said...

if you stay in NY, and is expecting an expanded family, it is a worthwhile buy. This explains for the recent better housing purchase especially those foreclosed properties (at rock bottom price).

Housing prices is still on downtrend despite the speed is slower. As of now, it still has not corrected to a level typical of deep recession. Most people are in negative equity and holding on now, till they lose their jobs, then the selling would intensify again.