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
