SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Earlie who wrote (117723)8/21/2001 11:35:52 AM
From: Shortcut  Read Replies (2) of 436258
 
Last week was extremly strong for the euro, but yesterday was fairly weak and today has not started well either. I am long, but not very confident right now. Good buy point at .9120 with resistance at .9140. Would love to see a break of .9140, go to .9145 or so and then a successful slow retest of .9140 and then onwards up.

Regarding the FED meeting, I think I will be long 1/2 position based on the following: We are in a strong uptrend with lost of speculators long. They will take some profits before the meeting (approx. 1 hr before). These people will want to join the trend again once the data is out. Since we are in an uptrend and sentiment is euro-positive it will have to be very dollar-positive and surprising news to shift the trend downwards. This also argues for a long position over the meeting. I have seen this pattern earlier during these last two weeks (for example ahead of productivity); profit-taking an hour before, start of little buyback 15 min before meeting (by non-speculators?) and then a euro-positive slant on the interpretation of the news and up we go.

If we don't break .9140 soon we might have to come down a bit to shake out some long specs (like myself -g-).
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News