BELIEVE NO ONE....TRUST ARA!

EUR/USD - For those that got nervous and doubted me....YOU ARE A SUCKER!

We made back all of our losses...and then some! IN addition, if you had listened to my recommendation and doubled down at the peak, it would have resulted in even more gains!

But...we have to proceed cautiously. On Friday, we got a gift....multiple soverign debt downgrades in europe. But a quick review of the day shows that the euro got slammed on the RUMOR...and spend most of the day recovering/consolidating. So before we count our profits....next week may be bumpy.

Monday, Tuesday, and Wednesday are key bond auctions in France, Spain, and Germany. Considering the ratings downgrade....they should have a tough time selling anything. But if we remember the ratings downgrade in the US just a few months back, bond sales WENT UP. Strange...but true.

So, my point is....we know that the overall sentiment in Europe is bad, and that they are incapable of doing anything to fix their issues. So regardless of the fluctuation next week..good or bad...the longer term direction is towards 1.18

Oh...one more thing to watch. When the euro was spiking, "EXPERTS" said it was going to 1.31! The day after, "EXPERTS" say that its going to 1.18. NEVER LET THESE PSUEDO-EXPERTS SWAY YOUR DECISIONS! They are all trying to influence the markets to support their positions. BELIEVE NO ONE....TRUST ARA!