Thursday, October 27, 2011

When to Short Euro/USD = NASDAQ and SP?

As we said, the next trading day in the US may be a good time; however, do not forget these facts:

1. No one wants the Euro/US$ to super-crash on a Friday, that's why 'good' news has been abundant once again leading into a Friday.

2. But no self-respecting European would in fact be working on Friday, especially having to work a couple days previously in the week.

3. End of day? Nothing. Trade later. Often, the best trade is no trade at all. Just watch the supercoms do their low volume Friday work. The programmers are off.