I'm not sure how my points were of no value. I feel that my points were clear and true. I have no need to try to sound smart. I am just sharing my industry experience and professional opinion. I am not trying to compete with you. I am sharing the professional investing system that we use and have complete confidence in because again it comes professional experience and it is logical. If you do not believe in it then continue with your system. I wish you nothing but success.
Using the Yen as our thermometer for risk
- Thread starter Wealthy Bucket
- Start date
I did not get annoyed at all. I feel that you are trying to pick me apart but there is nothing there. I know what I am talking about and I am sharing my opinion. I'm not sure why that is wrong. Yes, I have a financial education website but the focus of my posts are sharing our view on current market conditions. You seem to be focused on my site rather than my analysis. We all have our own intentions for being here but know this, we are sincere in our intentions and hope that our posts can help people. Hope the rest of the trading week remains profitable. Have a good day.
The week ahead will prove to be very important in terms of market direction. We are preparing for the Yen to retrace down to immediate support and how the currency responds after arrival will determine the sentiment within the stock markets. There three outcomes that we see happening this week based on the current market conditions.
- The Yen can channel back and forth between immediate support and resistance levels like it did between Wednesday and Friday of last week. Should this occur, then we are expecting the market volatility to continue along with the expanded trading ranges.
- Immediate support holds and the Yen continues to reverse the downtrend and possibly through immediate resistance and we will expect large declines in the stock market.
- Immediate support does not hold and the Yen continues to trend lower and the market will look to normalize.