Comments on: Long Term Structure of the Euro Index http://blog.afraidtotrade.com/long-term-structure-of-the-euro-index/ Helping traders overcome fears and emotions in trading Thu, 09 Feb 2012 12:53:25 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: david http://blog.afraidtotrade.com/long-term-structure-of-the-euro-index/comment-page-1/#comment-158155 david Thu, 01 Jan 2009 03:41:45 +0000 http://blog.afraidtotrade.com/?p=3478#comment-158155 Thanks Corey im bearish on the euro in any event short term . We have a way to go to zero with rates and not all our bad data is out there, inflation is almost at the ECBS target of 2% so im expecting cut of 50bps in mid Jan. I should get round to blogging so ill do something on the euro. Happy new year! Thanks Corey im bearish on the euro in any event short term . We have a way to go to zero with rates and not all our bad data is out there, inflation is almost at the ECBS target of 2% so im expecting cut of 50bps in mid Jan. I should get round to blogging so ill do something on the euro.

Happy new year!

]]> By: Corey Rosenbloom http://blog.afraidtotrade.com/long-term-structure-of-the-euro-index/comment-page-1/#comment-158122 Corey Rosenbloom Thu, 01 Jan 2009 01:56:42 +0000 http://blog.afraidtotrade.com/?p=3478#comment-158122 David, I toyed with the idea that the recent 3 waves were corrective in nature but rejected it because the data were incomplete with the Euro chart beginning in 1992. It's possible yes but it just seems like the recent move, which overtook all available info on the chart, was stronger than the prior down-moves and so I ruled in favor of an "impulse" wave rather than a large-scale corrective wave. It's possible I suppose that it is a perverse Zig-Zag that will resolve now as you suggest with 5 waves to the downside but we'll need to see where this current swing takes us for clues. David,

I toyed with the idea that the recent 3 waves were corrective in nature but rejected it because the data were incomplete with the Euro chart beginning in 1992. It’s possible yes but it just seems like the recent move, which overtook all available info on the chart, was stronger than the prior down-moves and so I ruled in favor of an “impulse” wave rather than a large-scale corrective wave.

It’s possible I suppose that it is a perverse Zig-Zag that will resolve now as you suggest with 5 waves to the downside but we’ll need to see where this current swing takes us for clues.

]]> By: david http://blog.afraidtotrade.com/long-term-structure-of-the-euro-index/comment-page-1/#comment-158077 david Thu, 01 Jan 2009 00:45:16 +0000 http://blog.afraidtotrade.com/?p=3478#comment-158077 Corey, I think the Euro is making an ABC having completed 5 and is ready for a 5 down ? Corey,

I think the Euro is making an ABC having completed 5 and is ready for a 5 down ?

]]> By: Corey Rosenbloom http://blog.afraidtotrade.com/long-term-structure-of-the-euro-index/comment-page-1/#comment-157916 Corey Rosenbloom Wed, 31 Dec 2008 18:35:38 +0000 http://blog.afraidtotrade.com/?p=3478#comment-157916 Vasu, Big questions! I'll look into them more and try to give a fuller response, but I'm just noting the correlation between them. Correlation does not imply causation. Commodities are inverse the dollar usually and currencies are quoted in relative strength terms (FOREX) hence what's good for the dollar is relatively bad for the Euro in a broad sense. The bellweather stocks question is a whole blog post in itself! I don't do much sector trading currently and it's possible that some leadership has changed so I'll have to get back on this question as well. Vasu,

Big questions! I’ll look into them more and try to give a fuller response, but I’m just noting the correlation between them. Correlation does not imply causation. Commodities are inverse the dollar usually and currencies are quoted in relative strength terms (FOREX) hence what’s good for the dollar is relatively bad for the Euro in a broad sense.

The bellweather stocks question is a whole blog post in itself! I don’t do much sector trading currently and it’s possible that some leadership has changed so I’ll have to get back on this question as well.

]]> By: Vasu http://blog.afraidtotrade.com/long-term-structure-of-the-euro-index/comment-page-1/#comment-157907 Vasu Wed, 31 Dec 2008 18:19:16 +0000 http://blog.afraidtotrade.com/?p=3478#comment-157907 Corey !! Congratulation once again on your CMT success. If I read your story about the way you started and then your recent post about your CMT success.. I myself feel so proud of you and that you can be idolized as a role model for all the ambitious people of all fields . A JOB WELL DONE !!! Now a couple of queries : (1) As you said that the euro helps some commodities.. could you please explain what commodities have a direct correlation with euro and any logical explanation for why it is so ? (2) Secondly I'd like to know your list of your "bell weather " stocks in each sector. I mean that I look at INTEL corporation to get a feel of semi conductor industry.. Likewise do you have any list to cover the entire market sectors? regards vasu Corey !!
Congratulation once again on your CMT success. If I read your story about the way you started and then your recent post about your CMT success.. I myself feel so proud of you and that you can be idolized as a role model for all the ambitious people of all fields . A JOB WELL DONE !!!

Now a couple of queries :

(1) As you said that the euro helps some commodities.. could you please explain what commodities have a direct correlation with euro and any logical explanation for why it is so ?
(2) Secondly I’d like to know your list of your “bell weather ” stocks in each sector. I mean that I look at INTEL corporation to get a feel of semi conductor industry.. Likewise do you have any list to cover the entire market sectors?

regards
vasu

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