Friday, July 17, 2009

Technical vs. Fundamental...DISCREPANCY!


When it comes to the Euro:


FUNDAMENTAL...


  • Trichet and friends are being criticized for not employing stronger official measures to help the struggling European Union.
  • European banks aren't lending to their businesses.
  • Every day we hear that China will be first out of the recession, and Europe will be last.
  • The Euro is very pricy when you take into account that it is largely an export economy.

TECHNICAL...

  • The Euro/USD is going to explode much higher!

Sorry to be so dramatic...but MarketClub just came out with new technical justification that shows this pair is going to 149, as a first target, and the 160's as the second. Remember my account's success has depended on a few techniques, but trade triangles have been crucial:

"
He was right about
Gold making it's recent move over $900 oz.
He was right about
Oil topping out (temporarily) at $73/barrel.
Their videos and analysis is usually spot on...and if you use stop losses...you will have success like
this account has had (statement.)

I tried these guys free for 30 days and was hooked...

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