Simple's Green Room

[pennies2007]

The EU and UJ charts I posted the other day are starting to kick in now. Technicals win again...LOL! I just follow the long term stuff for the most part now. I usually have to hang onto them for a while till they run in my direction but the weekly, daily, and 4 hour charts are my primary bread and butter. That way, I don't have to stare at them while I'm gone all day...takes away all the stress of day trading.

Dollar rally has definitely been overdone, especially on pairs like EU and UJ. Both pairs should reverse nicely over the coming days and weeks.