"Do you know anyone who likes this thing? I don't," writes J.C. Parets, adding overwhelming...

"Do you know anyone who likes this thing? I don't," writes J.C. Parets, adding overwhelming bearish sentiment to the technical reasons he's expecting a big rally in the euro. Among them is a drying up in volume in FXE, suggesting the sellers are getting tired of selling, and a U.S. dollar (UUP) chart exhibiting signs of topping.
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  • Brian Bobbitt
    , contributor
    Comments (2083) | Send Message
    You can add in all the technical jargon, charts, rotations, gyros, Fibonacci, Ichimoku clouds, yellow sheets, and any type of tea leaf reading you feel is pertinent.
    BUT, this time the fundamentals are so strong, even TPTB who want the E$ to last a little longer as they find ways to exit what they are holding, and instruments of finance (or whatever worthless toilet paper they are holding) attempt to exit this strange and [doomed from the beginning] currency.
    I don't know how low the E$ will go, or even how long it will last. AS I said, when I got back from the future, there was no E$ there. At least not the one we know.
    This fiat currency is a picture of death on the gurney to the operating room, where the witch doctors are going to wave all the magic feathers and sprinkle it with pixie dust and it still will fall and fall.
    My guess is some of the countries in the E-zone will slowly beg off and go back to their own merry ways. I don't know, however, what that would take "to go back home". I am sure the road is bumpy and strewn with potholes, and I am staying far away from that quagmire.


    Happy landings
    Capt. Brian
    The Lost Navigator
    18 Jul 2012, 09:40 AM Reply Like
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