To: Jaysun
I am presently shorting the Euro. Technically the right play at the moment. Let's see if this switch is a correction or just a hiatus. I would think that you at least do know what the fundamentals show. Short term trading does require strict adherence to TA and cannot be ignored. Do you have a long term oppinion ?
29 posted on
01/18/2004 2:44:24 PM PST by
imawit
To: imawit
Do you have a long term opinion?
How long term? I usually do not hold a position for longer than a week. Most of the time it's just a few days. I have set up my fundamentals for swing trades and day trades, so the longest I'd be comfortable to predict is for the next 2-3 weeks. I'd predict a continued gain in the dollar and would look for the EUR/USD to flatten out around 1.19 - 1.20 sometime within the next few weeks. Just my opinion.
35 posted on
01/18/2004 3:10:58 PM PST by
Jaysun
(The liberal mind is so open - so open that ideas simply pass through it.)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson