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

2 comments:

  1. 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?

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  2. 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.

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