Fantabulous Friday Wrap Up
I looked all over my charts and don’t have much to say this weekend. As I pointed out over a week ago – we were scheduled for a small shake out and that’s what we got starting Wednesday. However, we are not in major reversal territory, so I think the current pull down will be short lived.
Zero was in the zone on Friday – I again have added my commentary to the video.
The tape on the EUR/USD was a bit tougher due to massive G7 interventions. I offer what I think are sound interpretations but I don’t think that these signals are typical in any way. Would of course appreciate your POV as well – so please chime in.
The stainless steel rat crew has been pretty quiet as of late and I was wondering why. I prodded about this a few times and the general response I got was that people are bored and sick of the one sided tape. Quite frankly – I am a bit confused about that type of attitude. What’s wrong with a market that keeps going up? Always remember:
Old Turkey was dead right… “Well, you know this is a bull market!”
Volar quotes Livermore and his contemporaries for a reason. The game never changes because people will never change. If you want excitement, bright lights, and hot babes sitting on your lap – go to Vegas. But if you want to bank coin consistently then participate in the tape that is - not the one you would like to see. At the end of the day there are only three outcomes to where the market can swing: up, down, or sideways. Frankly, I don’t care which way she goes as long as I bank coin on a regular basis. And if the tape keeps swinging up for months on end – who am I to complain?
Anyway, I’d really enjoy seeing a teeny bit more participation – especially considering that I just threw out ZeroFX for everyone to put under the microscope. You must have thoughts on the signal – great, confusing, bad, helpful – and maybe a combination thereof. Maybe you guys are seeing things I don’t – so let’s hear it! Any input and/or criticism is welcome.
Alright, three charts for the subs in preparation for Monday:
Charts and commentary below for anyone donning a secret decoder ring. If you are interested in becoming a Gold member then don’t waste time and sign up here. And if you are a Zero subscriber it includes access to all Gold posts, so you actually get double the bang for your buck.
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This entry was posted on Sunday, April 10th, 2011 at 9:39 pm. Both comments and pings are currently closed.