1st on Forex
  • Home
  • Join our trading community
  • Back to FXstreet.com

1st on Forex

1st on Forex: For Your Trading Success by Jerry Furst, Director at Investors Education Network

Subscribe

Subscribe Subscribe Subscribe using Netvibes
Or subscribe via email:

Categories

  • Because You Asked
  • Fundamental Analysis
  • News: Scheduled and Breaking
  • Relevant Ramblings
  • Technical Analysis
  • Uncategorized

Archives

Recent Comments

  • Ankit on Yen Losses Ground after NFP - Euro Lacks Direction
  • Jeff on Dollar - Yen at Cross Roads of Trend Change?
  • Jerry Furst on Dollar - Yen at Cross Roads of Trend Change?
  • Fab on Dollar - Yen at Cross Roads of Trend Change?
  • Matias on Tecnically Speaking - Triangle on GBP-JPY

Tags

AIG Bernanke BOE Canadian charting charts currencies currency dollar ECB economic calendar euro FOMC Forex FX G20 GDP gold Head and Shoulder Pattern. Interest Rates Jerry Furst jobless claims Loonie NFP non farm payroll Obama Oil patterns Paulson Pound S&P 500 swiss Technical Analysis trading Treasury trend channel triangle triangle pattern Trichet unemployment USD-CAD US Dollar VIX webinar Yen

FXstreet.com Weblogs

  • CEO's Weblog
  • Wayne McDonell
  • Dr. S. Sivaraman
  • Valeria Bednarik
  • James Chen
  • Ross Yamashita
  • Raghee Horner
  • Ron Schelling
  • César B. Leiceaga
  • Ian Coleman
  • Greg Michalowski
  • Mike Baghdady
  • Dale J. Pinkert
  • Trader of the Year

Links

Looking For a Bottom - Are We There Yet?

Posted on September 21, 2008 at 7:01 in Fundamental Analysis, News: Scheduled and Breaking, Technical Analysis by Jerry Furst

Looking for a Bottom? -  Catching A Falling —— 

Last week is indicative of the type of headlines and panics worthy of a possible bottom. I’m usually looking for the scapegoat being handcuffed and paraded infront of  televsion cameras - last time I think it was Martha Stewart and some cable television guy …

However - this trader understands that most market bottoms usually come in with a thud, and I am just not convinced that we have heard it yet - although a 40 foot crater at the Pakistan Marriott is a telling sign - nothing for us to worry about…

Photo ops of the entire US Government represented by The Treasury, The Federal Reserve, The Speaker of the House, and the Senate - at the Presidents Invitation to…. spend 700 Billion to prop up a “house of cards”  that the president just recently learned was a bit bigger than his. 

Are We There Yet?  A Look at The Vix and S&P 500


Click Here for Videos

Currency Markets Acting Well Technically - Hypoyhetically - Not Speaking

Currency Traders with their heads in the sand and only watching the charts may be doing quite nicely, as the trend and momentum trading is nothing less than excellent…. There are other issues that are currently hypothetical that I will not delve in to, but the possibility of extremely unexpected surprises are possible that might affect the currency markets and the way many of us trade…

The Week That Was and… Will Be?

Regsiter for the Free Webinars This Week

Monday 12 noon EST (16:00 GMT) The Week Ahead - Register

Friday 7:30am EST (13:00 GMT) US GDP Report Live Coverage - Register

The 1st on Forex - Week Ahead - Summarized Calendar and Webinar

Click Here for Summarized Economic Calendar for the Week Ahead

Jerry Furst  is an active trader, educator, and Founder of Investors Education Network (IEN), He is a Mentor and Trading Coach to Select Clients  Click Here for a Free Self Evaluation Survey.

Tags: Bernanke, bombing, Cox, currencies, FOMC, FX, GDP, gold, Marriott, Pakistan, Paulson, S&P 500, trading, Treasury, VIX

2 Responses to “Looking For a Bottom - Are We There Yet?”

  1. on 22 Sep 2008 at 5:57 pm1Rey Lopez

    HI Jerry
    From your videos on VIX and SPY, to me it seems that if you put a trend line on the lows from 07 until now it looks like it was a support and now is a resistance.
    On the Spy, the volume is impresive and the same pattern is seen on finiacial stocks and others. On this weeks there has been a incredible amount of volume to de upside, I read something on IBD also. Also the dollar is getting a little uplift compare to CAD and EUR or I am wrong.
    Reinaldo Lopez

  2. on 23 Sep 2008 at 5:19 am2jfurst

    Good observations Reinaldo - The dollar was gaining ground, but that is all in question now.

Theme by Forex Street Powered by Wordpress

The comments and posts published in this blog ARE NOT trading recommendations. They can NEVER be considered as trading calls or advices. If you decide to use the information offered here for your real trading it is at your own risk.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

© 2010 "FXstreet.com. The Forex Market" All Rights Reserved.