Saturday, November 6, 2010

commodity currency

i was asked why i dont comment on commodities and currencies more often.

the reason is that i dont actively trade most of them.and hence i have less to comment on them.
secondly a major reason for not covering commodities and currencies esp currencies is that in my opinion they donot follow or behave in elliott waves over long term
in intermediate term or a cycle they do and can be described and analysed by elliott waves but over larger time frames they cannot be .
the essential reason is that they esp currencies donot reflect natural progression over time and are managed by central banks etc. this distorts there longer term structures.
so either they behave well in a cycle or from one major intervention to next.

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