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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Tuesday, 21 December 2010

cable/euro

 

 
 


These charts suggest to me the likelihood of a big move up in the dollar against the euro and sterling next year....not hard to imagine why that might happen,whatever one might think of the dollar's poor fundamentals
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2 comments:

  1. hoop5221 December 2010 at 16:27

    thanks CR.. Don't really count waves, but listen to everyone on CIL daily. Glad you are feeling better.
    So the bottom is in 08 and the 5 of large one hits the upper channel limit in 2011?

    ReplyDelete
  2. Chartrambler21 December 2010 at 16:39

    Thanks hoop52...Last month's candle looks very bullish to me and suggests we should break the necklines of that base formation on the euro.

    ReplyDelete

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