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      02-26-2013, 08:52 AM   #1284
Hisam135i
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Quote:
Originally Posted by r0wr
Quote:
Originally Posted by Hisam135i View Post
Agreed, I'm looking at a turnaround in almost all currencies against the dollar. Meaning the dollar should lose some value in the coming week or so leading to equities rallying
Sorry, I should have been more clear on that. What I'm looking for is a clean upward stochastic crossover on the daily for a lot of pairs as the markets are extremely oversold. For example by clean I mean the cross has to hold for more than a day. The eur/usd rallied hard yesterday morning before US open and than got obliterated when uncertainty about the election emerged. During the time of the rally there actually was a daily crossover symbolizing a change in momentum, but it quickly unraveled indicating a sharp pull back.
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