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Strategies & Market Trends : The Swamp
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From: ItsAllCyclical7/24/2008 10:18:47 PM
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Swampy, I don't have the EW experience yet to affirm or deny your HUI EW read (per LT thread). However, look at the Euro (impartially and in a vacuum if possible) from a TA and EW standpoint. It's hard for me to make a compelling case for more upside IT. Of course gold can rally in all currencies and it may just do that at some pt, but ST there's still too much linkage. I totally agree that FRE/FNM news is huge, but again my thesis is that this will get priced in over the next several months or longer.
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