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THE LOONIE WATCHER (Copyright 2006)

THE LOONIE WATCHERS COMMENTARY FOR MARCH 02, 2006














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THE LOONIE WATCHER’S COMMENTARY FOR MARCH 02, 2006
















THE LOONIE WATCHER’S COMMENTARY FOR MARCH 02, 2006

The market close on MARCH 02, 2006, showed that the market conditions influencing the Loonie and the $USD have changed drastically since our last commentary (Feb 28, 2006)

THE LOONIE

Today’s closing price proved the Loonie has resumed its main trend, and the traders feel safe on the long side of the Loonie.

The Commercials agreed with the traders, and decided to stop their selling at the recent highs.

The Loonie will continue strong for the near term, with no serious (trend threatening) reactions occurring until there is a challenge from the $USD.

 

THE $USD

Smart money cashed out of their longs by today (March 02, 2006), and got back into the Loonie.

The locals hit the short side of $USD, and found a vacuum.

When no commercial buying surfaced going into the close of today, the traders joined the party.

The $USD finished with a close breaking the recent rally, leaving the longs in an untenable position. Time is now against the longs.

The $USD has had it’s momentum broken, and it should see its recent lows tested by the technical traders. Too early for shorting, but it’s time to exit for the bulls.

The subscribers to THE LOONIE WATCH (copyright 2006) have already received the necessary instructions to capitalize on the new information!

SUMMARY

The resumption of buying in the Crude Oil market has pushed the $USD into weakness, and boosted the Loonie into safe buying territory. The US stock market is just marking time (trading range) as the return of higher energy prices impacts the economy.

The Loonie is now a happy camper, with all systems reading go.

The $USD has moved out of its last trading range by heading lower, and the $USD bulls will probably be severely tested soon.

 

Wayne N. Krautkramer onlypill@cox.net

Http://onlypill.tripod.com/thelooniewatchercopyright2006bypitagorasinternacionalsa

 

Pitagoras Internacional SA will not be liable for any liability, loss or damage directly or indirectly caused, or believed to be caused, by THE LOONIE WATCHER (copyright 2006)

 

 

 
















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