Sunday, August 7, 2011

Forecast for week August 8th 2011 ( $SPX $SPY $ES_F $NQ_F $DAX $CAC40 $EURUSD $6E_F) :

What an ugly chart on indices daily ! But below on weekly it looks more optimistic. They did a great job in this summer time with lower volumes and traders. Despite good companies earnings they managed to lower indices, hitting stops. Everybody criticized Bernanke, now they supply him to do QE3. I still believe they did all that to buy lower for the next leg up. Concerning USA AA- rating, I would say "Sell the rumor, buy the news" for next week...

Last week forecast on EURUSD was good, our robots did well (except I am a little bit afraid for tonight opening with a gap. Robots don't like gaps). For next week, I have simply no idea...

We are opening a MAM Forex account for those who want to share our account growth. Investment starting at 100$. When all will be ready, I will write a detailed post.





1 comment:

Sheilla San Diego said...

Ready when you are! Let me know ok? Thanks and good trading!