seriously looking like the bounce was dead cattish....
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seriously looking like the bounce was dead cattish....
Backoffice,
Its trending, and agree with Peat regarding cats bouncing.
There should be quite a number of dead cats littered along the way.
Here's a weekly chart for the bigger picture...the Dynamic Gann Line has held it at 60 cents so far...but don't count on it forever
http://img93.imageshack.us/img93/3677/nzdw5yr.png
Xerof
on my cmc platform
regarding news, some commentator said 6080 is prooving to be resistant?
we are reaching that... trigger ready for shorting but... but ...
Next door called there cat Thud as it did not bounce when it hit the wall.
Maybe this is a thud to .61 rather than a bounce to .63-.64
Is there a W forming at .6165 and what would it mean[?]
i thinking that theres a reasonable possibility of the com-dols showing some life at this stage, and these will possibly drag the beleagured kiwi up with them , but it will , or at least should , underperform relatively to the others over anything other than the very short term.
Hence I am liking the Aud/Nzd long.
Interesting to see the dollar get as high as .6240 yesterday. Will it drift further upwards in the next couple of weeks?
Had a nice entry order BUY executed at 1am on the 13th @ 6125 when announcements were made in the US. The price literally spiked down to 6125, and shot back up again. Closed @ .6200
Almost makes up for all the times I've been too greedy and set an order too low/high over night , and wake up to find the price comes within 5 pips of said order and races off in the other direction! =)
Drunk_Russian
I know what you mean, i though the bounce was over but have taken a 100 point loss, "bugger".
I am starting to look at the possibility of this turning bearish.
theres divergence on my 3hour graph and I'm seeing a triangle form on the hourly since May 4th which it may have already started to break on the downside.
Not gonna bet the farm on this , it could just be consolidating, but have sold one at 6417 with a ridiculously tight stop at 6435.
Hi Pete
Tend to agree
just below the 38.2 Fib from Dec/05 to April/06
and the AUD/NZD still putting presure on the Kiwi.
Tight stop though bud:)
Cheers
Slam
Nice call Pete:)
Cheers
Slam