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Old 08-07-2008, 12:12 PM
4xStar 4xStar is offline
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Join Date: Apr 2008
Posts: 932
Default GBP more downside??

Quote:
Originally Posted by Jocelyn View Post
We're only interested in & focused on shorting that pair
Wow, this is a contrarian view .. everywhere else I am reading how "oversold" people think it is and especially after this big Trichet-drop, everyone says "buy". You think it is going to take out the lows of June, May, Feb and ... Jan?? Do you have a downside target? And more importantly, after this last big drop, what bounce point would make a good short entry??
My estimate is 1.9521 which is the 200 ema on the 15'

Any merit to this?
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