Tuesday, September 9, 2008

9/9 - Lesson Learned

$djeuro...

it does not update everyday!!! can't believe i didn't know this before. this chart was the reason for thinking the dollar was topping and euro was bottoming. stupid stupid. If i knew this, i would have been much less bullish on commodities. This makes me wonder why so many ppl have been thinking that the euro is gaining strength. Please disregard every chart i ever posted of the euro up til now because the info was never current...crap! If i had more observant readers, i would have been sued by now...haha...

FXE...

this is what should be used to see the strength of the Euro...and it definitely shows euro still falling with no support made yet.

SPX vs SPY

spy has more accurate candles (because it shows gaps) and volume too BUT the price levels are much more critical on SPX...for that reason, i will officially scrap SPY charts for SPX

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