Greetings
Traders:
The second attachment
is the latest update of the Eur/Usd in the 15-min time frame. As of the
last write up, the Eur/Usd hit the upper Median Line of the fork and turned
down. Currencies are on a very bearish posture, short on intraday
rebound again. Take care.
Have a good
one
Jeff
Harteam
From: Jeff
[mailto:jharteam@xxxxxxxxxx.com]
Sent: Sunday, September 07, 2008 4:55
PM
To: olmpc@xxxxxxxxxxxxcom;
Carsten
Cc:
realtraders@yahoogroups.com
Subject:
Greetings
Traders:
The attached .jpgs are the Spot
Eur/Usd in the 15-min timeframe. The downward sloping pitchfork covers
the time from August 28 2008 to Friday?s closing (Sept 0 5 2008).
Intraday Median Lines suggest the Euro against the Usd is still a down
trend. The overall downward sloping pitchfork has not been violated to
the upside since late August 2008. As the short-term pitchfork suggested
on last Friday; we should see some strong intraday rebound, and hopefully, to
the Upper Median Line; which is about -100 ppts+ away from Friday?s
closing. As long as the depicted 15-min pitchfork contains price
actions; short positions should be committed. Take
care.
Have a good
one
Jeff
Harteam
