ost charts & thoughts - june 2012, page-45

Thanks Shonan,

I've dipped my toe in at .86. Only a small parcel for now and will see where we are late in the day before topping up.

I also expect a green DOW tonight but I'm not too sure if a sustained rally is anywhere around the corner.

I think the employment numbers in July may be a trigger. If they're bad enough (and that's what is expected) then that may trigger momentum in expectation of QE3.

That said, its all best judgement and interpretation of what we see. Not too proud to say I'm wrong.

Also appreciate the link. Very helpful.

Cheers
Mo