IIFT Daily Note with Peter Brown

Archive for September 17th, 2012


Market still needs to correct.

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Market on Friday kept rallying despite sever overbought conditions. Very hard to buy when the technical situation continues overbought. Today both the 4hour and daily charts are overbought on the Euro. We may have seen the high for a while despite the macro outlook being bullish.

Technical levels are 1.3140/70 Continue Reading →