Update

August 1, 2008 at 2:40 pm 2 comments

As per my previous post, price action patterns proved to be right as we dropped from the 1.5580 level to a current low or 1.5510…

My NFP forecast was a minimum job loss of -28K to -50K, the data printed at -51K, last month’s was revised up and the unemployment rate ticked up to a 4-year high at 5.7%.

Watch for the 0930 EST money flows and the 1000 EST data… I’m still look at the bottom in the 1.5480-1.5460 level and I will likely be buying down there should we see those levels.

There’s a lot of time left today, be careful…

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Trade Team Call UPDATE (7/29/08 Call) Market Timing PART I

2 Comments Add your own

  • 1. freemarketman  |  August 1, 2008 at 3:59 pm

    Mmmmm…nice Adriaan. šŸ™‚

    Hou so aan.

  • 2. adriaani001  |  August 2, 2008 at 6:03 am

    Dankie Jaco

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