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Old 04-08-2006, 11:28   #150
rufffen
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Re: EUR/JPY CYCLES UPDATE Part1

SP500 UPDATE: Also the rally is stalling now, updating #69 of 19th July, this setup so far is up 30 points, Id try for another 60 points, otherwise B/E. Id say topping action probable around 1310-1320 area, which is a good SELL window on SP500.

UPDATE TODAY
This item stages another Rally and overall this trade up +50 points (which is like 500 pips on FX). Hold the item for 1310 and take profits then.

SP500 LONG setup is actually a good catalyst of FOREX markets, so before SP500 tops out (1310-1325) I EXPECT MAJORS TO RALLY NORTH!
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