THE DOT - if this turns orange or red be alert

Monday, June 8, 2009

EURYEN - A CLEAR INDICATOR FOR STOCKMARKETS DIRECTİON

Another good indicator that the rally or rather wave A in stocks comes to an end is the carry trade currencies. The EURYEN on the left hand is 99% finished with the zigzag upmove as the Dollars downmove is. An extended correction is due now after we finalised the current wave around 1.38/9 and retreat to 1.28/30 thereafter matching a 38,2 % retracement.
The Dollar weakness is in sink within this count and an overall correction of currencies is due.

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