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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Box-By-The-Riviera™ who wrote (119479)9/4/2001 7:15:44 PM
From: Haim R. Branisteanu  Read Replies (6) of 436258
 
Joel, in my little history of watching and trading currency options I learned that the same TA rules which apply to stocks do not matter in currencies. It is true that the 0.915 level was a FIB level (61.8%) from January top but still the way it arrived there and how long it traded above 0.915 is a mystery to me.

The $$ or the Euro for that matter traded in a narrow range for 3 weeks and I was anticipating a sharp move. To my pleasure it was not up.

See this link how oversold the Euro is exchanges.barchart.com

Now I think it will range trade for a while longer. But from a fundamental point of view I think it is undervalued.

At least I am happy that the premiums on option went up so it makes more profitable to write them.

BWDIK
Haim
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