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Old 01-31-2008, 12:59 PM
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Default UK Weak Housing Data
From a fundamental perspective I am bearish GBP - British house prices fell for a third consecutive month in January - housing market data from the UK continues to weaken. Consumer credit and mortgage approvals are also falling short of expectations.
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Old 01-31-2008, 05:14 PM
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Agreed...

I've heavily shorted the pound/$ but it continues to hold up in a very lack luster (IMO) consolidation phase...seems like one solid heave and the whole thing will come tumbling down...

Well C ....tech's look good.
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Old 01-31-2008, 08:54 PM
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Don't know if it'll make it back this high but I'd love to sell the 50% retracement from the high (2.1160) - the 50% retracement being 2.0244 - more likely we'll see the 38% at 2.0030
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Old 02-01-2008, 09:05 AM
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Default Pip abound...
Well....didn't I get a nice present from good ol uncle Pip this morn'in...

TP 50% wait an see if we get 197.60 and I'll take the rest..

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Old 02-01-2008, 09:25 AM
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What a nice ride.....

Took'er for a spin and TP at my final goal of 197.60. course you know it'll go lower (like washing your car right before it rains) but trying to keep with the system...

All in All very good pip'ing
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