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@xxxxxxxxxxxxxx]
Sent: Sunday, September 07, 2008
4:55 PM
To: olmpc@xxxxxxxxxxxxxxx;
Carsten
Cc: realtraders@xxxxxxxxxxxxxxx
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
