Saturday, October 15, 2011

Forecast for week October 17th 2011 ( $SPY $ES_F $NQ_F $EURUSD $6E_F) :

We expected indices to fall at 1200 resistance, but they showed good strength. NASDAQ is even very bullish. On S&P500, ES future below, there is still a wall to break 1230/1250 to start to be more optimistic. We expected October to point the lowest low. So maybe it is in. Let's hope. Next week we will focus on intraday trading mainly as there is no clear direction.
September was a good month with a growth of 16% on our future account.
Wheat start to be a long term buy.

As expected $EURUSD broke up the bullish wedge. As indices, it has to face now the 1.4 resistance.
Our forex account show now 40% growth in the last 6 month and our new PAMM investor account near 3% since beginning of October (see left column of this page). Investors from 100$ welcome.




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