Sunday, October 07, 2007
It's never felt better to be so wrong. Yesterday, I predicted that labor would come in less than 100K but that it would still be positive. I also projected that stocks would climb, the EUR/USD would rise, the USD/CAD would fall and the USD/JPY would also rise. Although I completely missed the labor estimate, the end result was accurate. As much as I would like to say that I had the inside track, it really wasn't anything more than the technical and fundamental analysis we have already been doing.
Today in our daily pairs technical analysis we will take a look at the breakouts and renew our support and resistance levels. With all new lows and highs this is an exciting time to be in the market but it also means we have to be a little more unconventional about our projections.
Here's the link:
http://www.pfxglobal.com/index.php?o...944&Itemid=149
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Analysis by Profiting With Forex (PFX)






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