Dubyah

With all this talk about the 'shape' of the recovery, be it "W," "U," "V..." is it me, or does the EURUSD pair already show us...?

There's quite a definitive W apparent on the daily, and it's been present for a while now... Shouldn't be a secret to any of us forex traders.

I distinctly remember it, as it was the middle crest which first tripled, & subsequent valley that then liquidated my first live trading account. I'll never forget that as it was probably the most important factor & impetus towards my trading behavior today.

I've learned the extent of what I now know riding this W up and down ever since.

Now of course, it's possible we break down hard from here, in which case the shape has yet to reveal itself. However, the current mystery as to why the market is heading up while seemingly not looking back, could be explained by the recovery already having elapsed. Also, with the way business figures look for the next two quarters, the pickup seems to agree. Granted, the consumer numbers are still atrocious, but what if their crushed retirement accounts reinflate?

Could the bottom be bailout money, and what we're seeing now be a good part of the "smart" money? If this keeps up, Joe Investor would get involved later when his nest egg look good again.

Didn't they say we wouldn't see recovery til it's already happened? Until we see otherwise, that's my story and I'm sticking to it.