Silver 03082011

I guess Silver just wants to hang out and kick it in the box...

More to come! :-)

Euro Retesting Trendline

Euro is now retesting the bottom of the trendline. This is a classic low risk short. If wrong you'll know right away. Fib resistance is also playing a part! Knowing you're wrong right away is the best way to preserve capital!

Market has now come back and kissed the broken trendline! Maybe the kiss goodbye?

Buying opportunity for a day-trade or is it sniffing before falling off the cliff?

Euro critical area

If the Euro long term triangle is to remain intact the New York close has to stay under 1.3985 to stay confident of the count! Anything above leaves the upside open. Following the resitance line on the euro today left us with a low risk short!