October 20, 2014 There comes a point in every trade where (Hopefully) you get a low risk entry, and then as time moves forward, it becomes a little higher risk to enter, or even higher risk to just hold your current position. We may not be there yet (As I start writing, futures are up nicely) , but what I am seeing leads me to believe that the Markets MIGHT just be in a bounce and MIGHT make lower lows at some point. I looked at TONS of charts this weekend, and the reversal that most of us bought was indeed a trade-able reversal, but what Now? Lets look at MANY CHARTS and try to get an idea of what is happening. I will say that at this point , anything can happen…its not super clear, and that alone means we are at a slightly higher risk area. I can make the case that Markets could be on the way to making new highs, I can make the case that markets likely will make new lows. Actually Much of it depends on …
(I apologize, no audio today – sore throat and cracky voice) : (
The $USD… Oct 14 – Very strong, but overdone–I was looking for a drop to the 84 area
And we have dropped as expected, but theres room for more downside I.M.O.