So, there I was having done a Dow Jones trade that I had every
reason to be proud of. I had bought the Dow Jones at 6474 last
Friday night, just 4 points off the low of 6740 prior to a major
rally. I had watched it retrace to the 76.4% Fibonacci
retracement level, while having added a slightly misguided
pyramid to the position at the 61.8% retracement.
The forex chart of sterling against the dollar makes it clear that on the medium-term, there is somewhat more downside on the way for sterling. Since the high of 2.1160 last year, the British Pound has seen a literally precipitous collapse against the US dollar that shows no immediate sign of halting.
Wall Street continues slide – International Herald Tribune
After struggling to find a course in early trading on Thursday, American markets finally picked a direction: down. The three major indexes slid in mid-day trading after spending the morning veering between positive and negative territory. The Dow
Easy Futures Investing Mentoring Room Announces 'Free Look'. – PR Inside
Easy Futures Investing is proud to announce the ability for day traders to 'test drive' their mentoring room. Ron Lewis, mentor and moderator of the room said that he invites all interested traders to take a look at this room. Unlike most other
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More on Wall Street continues slide – International Herald Tribune
Forex Trading – Is it really any surprise that the currency
markets have witnessed such a precipitous sell-off in Sterling
over the last few weeks? In just ten days, it sold off against
the US Dollar from 1.76 to 1.52.
More on Foreign Currency Markets – Sterling Collapse Against Dollar October 2008
Dow Jones Stock Market Crash 2008: This video shows that October 10th is a major low but that the bear market will continue in the US stock markets to new lows
