Monday, May 17, 2010

5.17

Let's see those points when market drop sharply:

1. 50% rules - we could buy EuroJpy by 113.50 level, 50% of 114.262 to  112.456. It was already achieved two hrs ago.

2. EURUSD moves after AUDUSD at New York market time.

1 is for daytrading, 2 is for scalping.

Nikkei: Nikkei was down -300 and I bought the dip again at 10180. close price is 10235 -226.  my target is 10230, 50% rule for 10150 to 10320, and if dow is good today, TC is 10320, 50% of 10450 to 10150. let's see tomorrow. 

EURO: I still think this is just about worry, and worry is worry, not brankrupt, it cannot be trigger, it can be cover. Euro is down trend, German will be graet power. it will be EUR=German, we could see bottom soon.