What a pity, the Composite missed the target of 2200 by less than 10 points. Hopefully, FX market gives us a chance to have another attempt before the real correction starts. In fact, USD is still looking like going to spike toward 74. That shall give ~1.52 target for EUR.
The volatility has suffered a powerful reversal following the sell off, but such a thing often needs a retest.
Thursday, October 22, 2009
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