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Re: What's Up ??/Lee *PIC*
In Response To: What's Up ??/Trades ()

Well this is exactly what I was talking about regarding DX. See it bump up against the major downtrendline but only back off a little and stabilize. It's a real sucker play to trade it here as price can hit resistance and selloff again OR hover at or just under the line and then blast through trashing inverse markets. Look at the Nov Nat Gas chart at 3.40 which did the same thing at price resistance. Price cleared the major resistance pt and then pulled back just a little and then blasted off again with higher highs. DX might just do that I suspect as October historically sees a huge selloff and then a rebound much like a "V" pattern. A DX rally would deliver that scenario. So expect a bad news story out of Europe "again". That would do it. But that is what the chart is suggesting is a good possibility. And see Gold and Silver roll over and are now clearly selling off with price now below their 20ema. But we'll see soon enough. As far as Romney goes he is a Mormon I believe. That's the trouble with some of these right wing types as many of them tend to be religious fanatics in many ways and think their thoughts and believes ought to be law. And their blind beliefs fool them into thinking the public will believe them while all the time they are just killing their chances of winning an election. Just can't help themselves. We have some here like that in the Conservative party. Always bringing up sensitive issues like abortion etc and ignoring the public's firm opinion on stuff like that. Great way to lose an election. They just can't get it through their thick heads that the public is the electorate and they don't give a damn about some politicians radical out of touch with reality religious beliefs. Obama's is way out in front now if you look at the Intrade site. He never did fall behind as he is smart enough not to shoot himself in the foot all the time with unpopular comments.

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What's Up ??/Trades
Re: What's Up ??/Lee *PIC*
Re: What's Up ??/Trades