Thursday, May 26, 2011

Market trickery

Usually the market will do the exact opposite of what we think it should do in order to confuse us, and just when we begin to doubt ourselves, and start to lose hope (often entering a trade out of impatience), the market then goes and does exactly what we originally thought it should do..One of my first posts on this blog, for the Euro and the S&P 500 had targets of 1.3960 and 1310 respectively.  I will repost the charts for ease of reference..



It took its time, but surely, the targets were hit and were met with strong reversals.. I will let the charts do the talking. A picture is worth a thousand words..



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