USD has strength 11 days in a row against GBP

8/15/08

USD has showing incredible strength after GBP breaking 1.94 support zone.
On weekly chart basis, expect GBP would rebound from this 61.8 Fib level zone support.

Uptrend line still hold

8/13/08

S&P index and Dow are both holding the uptrend line good. Nasdaq is even better. So, markets are still going up unless the trendline got broken. Of course, XLF financial is major boost for market to carry on. Worth to tell that GBP/USD that britain pounds is falling over 700pips since last friday. US dollar is very close to touch weekly downtrend line where built from year 2005. I believe US dollar is already out of the deathbed and is about to make its turn from now.

Shanghai stock market

8/12/08

It is worth to show how Shanghai stock market doing. It is diving straight like China Olympic team. The downtrend percentage and shape is like Nasdaq in 2000-02 crash. Who has been telling me China is different?? The natural chart forming and human fear are matching prefect. The Shanghai index most likely will go down test 1700 in coming months.

Market keep going

8/11/08

Major stock markets are still rallying. USD dollar is very overbougth and due for pullback which it will drives up crude oil future. Market is in good sentiment so far. The problem is the restrict sell short rule of 19 finanical due the end of tomorrow.
I feel lazy to write more since Olympic is on and you could see all the highlights unstopped 24 hours.