how does a target of 176.xx sound give or take a few hundred pips either way?? Based on the long term trend line off the weekly chart. The up trend started sept 2000 to july 2007.
The previous cycle from 1995 to 2000 was from the 130ish level to 240 than back down to 148ish.
I'll be going short till i have a reason not to. Wait for a good retrace then short again, 100 to 300 pip increments..
Last edited by Cdawg; 09-05-2008 at 02:29 PM.
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