Thursday, 3 June 2010

GEPPY CHRONICLES: DO YOU BELIEVE IN THE BIG KA-HOO-NA?

Nop not one bit...no way...i don't believe it.....

No folks..i'm not rambling but talking about geppy...i said a couple of days ago that the downmove was over extended and it was likely we went sideways or up....well we went up but don't be fooled. We may have an up week seeing that we have one more day to go, but i would not for the life of me start buying anywere in or around the 136-138 zone. It's plain madness to do that.

Can it creep up...Yes...Do i want to buy here...Erm..NO....I'm going to leave this one alone for now as potentially we may carry-on up to the 138 zone but i think it will zig-zag it's way there? Let geppy be and give it time to confirm which direction it wants to go bicos right now it's already looking overbought on the daily!

I'm still long USD and that's were i'm concerntrating my trades for now....

I can see a really good trade boiling in GBP/AUD..so watch out for a PPS. Get quick updates by registering using the form on the blog -------------------------------------------------->

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