yen retrace from max 2.60% against majors (max 4% vs aj)
nasdaq retrace 6.23%
sp500 retrace 7.44%
dow retrace 7.26%
so this level of retrace was very important
another reason:
see down of commodities and gold
gold down 20%!!! from 1920 to 1532 in 17 days!!
rise of usd explain part of this movement
usd rise 8% average against majors
september is savage!
yep a lot of buyers of chf . i think monday or tuesday chf down . i am wrong
now i think chf is very bullish
key par to see chfjpy i think can rise until 95.76 is 50% fibo retracement from top chfjpy and lowest price.
good day and week you too buddy
:)
about targets
aj target optimistic (NO CRASH just correction)
57.50 -59 level (more than 1500 pips of down) today quote 74.67
crash stage ...... aj broke lowest value 2008 55.20 and go to.....
35-40 level
stocks:
optimistic dow 7600 -7700 level
crash 4500-5000?
:eek:
sorry i try to say the down of usd explain gains in % of stocks
if usd had not fallen then stocks NEVER recover levels of august 2008 (before crash september-october-nov-dec of 2008)
my english is bad sorry
the idea is simple , stocks of us technically after 3 years of rise cant return at...
aud ,nzd and cad rise against usd
just eur and gbp down a bit
in conclusion the drop of usd was the reason of stocks us up (remember just nasdaq raise 11% in .... usd)
after crash 2008 , sotcks rise 2009-2010 and part of 2011
is very probably to me at least see important correction...
long audchf stoploss the lowest price friday
reason:
audx rebound friday on weekly supports
chfx have sup to short daily
target? 100-200 pips , audx is bearish next weeks , chfx is bullish so, this trade can work ok few days
true we see second shouldar from 09-20 at today
i dont have that info but would be very interesting see index of sp+dow+nasdaq to determinate neck of s-h-s formation
level of start of crash is to me:
minimum of sp and dow and nasdaq if broke that level crash start again
minimun was...
FIRST REASON:
from top 2008 (before crash)
sp and dow today are in the same level (max up was 11%)
just nasdaq reach more gains
but usd down at today
-17% vs chf
-28% vs jpy
so stocks in chf and jpy terms NEVER recover level of 2008
what means?
i think is very probably we see max...