Archive for September, 2009
Euro Skyrocketing As Foretold On 8/22/2009 !!
By Marek W. Stupka | September 22, 2009
As forecasted on July 22, the single European currency paired with its biggest rival, the US dollar, remained locked in an evident rising channel and made its way north after a series of range-bound price moves…
Note that in the chart above [ click on the chart to get a bigger picture ], there are two submerging Support and Resistance channels - the red channel and the blue channel. As per my market prophecy from late August, the referential currency pair traded in the broader range (red), and after crossing above the important all-year resistance 1.4337, confirmed its bullish momentum, and climbed high bouncing on and off borders of the narrower range (blue) …
Note also that on 8/22 I wrote that EURUSD rising as far as to the important psychological resistance of 1.5000 after crossing the all-year resistance 1.4337 is my preferred outlook for this instrument. And, as many times in the past, my forecast was right. Those of the readers that took my advice to heart are now a few hundreds - thousands, ten thousands - dollars richer, depending on how much they’ve invested…
However, please be advised that the S/R channel recognition presented to you above is just a simple, basic technique mostly used to identify price ranges of a currency pair, or any other traded instrument for that matter. To really be able to trade the markets and capitalize on your trading activities with profit, you should apply one of the trading strategies (combination of specific trading techniques) and/or trading systems (explicitly defined navigational guides on when, what, how much, and for how long to trade) taught in my 1-on-1 FOREX Training Course.
If you haven’t become member of the GEPARD trading family, you are invited to apply for the course at www.gepardinvestments.com. If you are my student, please refer to the corresponding lessons and updates to find out how to trade the referential, as well as the other major, currency pairs…
Topics: FOREX Trading Analysis | No Comments »
A Year After the Lehman Collapse
By Marek W. Stupka | September 7, 2009
On September 15, 2008, the world witnessed collapse of one of the world’s oldest and most respected investment banks, the Lehman Brothers. It led to a global financial meltdown that has seriously damaged the global economy.
Since September 2008, traders have witnessed how the most severe financial crisis in 60 years plundered the wealth and the glamor of the planet’s richest nations. Stock markets were down 40%, major banks all over the globe were surviving only on government support, and the world had entered a sharp decline phase of the global macro cycle, with rising unemployment and a collapse of house prices.
However, with all this bad news on the table, it is equally necessary to stress that every recession - including the one we are witnessing today - has to come to an end. That’s simply the way macro-economy cycles work. Without the decline, there would be no growth. In other words, no market appreciation can go on forever, there always must be a downphase and bottom happening somewhere, sometime…
Well, this cycle’s “somewhere and sometime” has certainly been planet Earth, September 2008 - March 2009.
As we enter Autumn 2009, there are clear signs evident in all developed countries (mostly , however, on the Old Continent) that he worst of the financial crisis seems to have passed. The first glimmers of economic recovery are visible in Germany and France. The European Central Bank has – in the eyes of many finance officials – emerged from its first big institutional stress test with its credibility enhanced. And there is a growing conviction that European policymakers, for so long divided about the virtues and vices of the free market and state intervention, are converging on a new balanced consensus…
Topics: News From Wall Street | No Comments »