the similarities are so stark, it makes me sick to my stomach for not having realize them earlier.
you see, Charts do not ever lie.... in fact, they sometimes foretell a situation before the market or news agencies catch wind of it... as in this case with eur/usd and also XHB.
in the case of XHB, the chart exhibited very clear signs of a slumping housing market a good 6-9 months before before anyone heard of subprime mortgage issues...i'm not attaching this chart here bcos if you were serious enough, you need to do fish this out of the pond.
the same phenomenon is seen on this eur/usd chart....
so, if there's a secret to successful investing/trading, it can be found in charts..dont't leave home without them...
by the time the world is aware of this crisis, eur.usd has slid from 1.52 to 1.32....
even if eur/usd gets to 1.28, there's just bones left....bulk of the shio ba meat gone....aside from this, this trade now becomes a higher risk one...
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