Euro Update

It seems many of you have made good profits today judging by all the emails recieved. Thanks for all the kind words.

Those of you that are familiar with pullback and continuation patterns and bull and bear flags should be able to notice that the Euro looks like it is doing a pullback and continuation on the weekly. Wave A to B being the pullback before the continuation of the downtrend begins. The wave A to B can also be construed as a bear flag but without getting to intricate in the chart pattern, all that matters is it looks like it is going to continue it's downtrend.

Sell the rallies in a downtrend and we are in a downtrend as I have been mentioning repeatedly and I will mention it again.....we are in a downtrend until or unless we break the 12980 barrier. Until that happens, sell the rallies and keep doing that until or if we break the 12980 and you sold a rally, well, you will only be wrong once.

Watch the Euro! The Pound looks quite good too!!

Nite all.