Categories: Technical Analysis

Job market is back live! Or not?

Hi friends,

Today all of us surprised by the numbers of the job market. Jobless rate declines to 7.8% and 114K jobs added.

All seems perfect for USA and QE3 seems working already.

I might be crazy to think that, but how come that right before the elections there is SUCH big difference between the numbers?

Well, maybe that’s the summer period that brings new partial jobs, maybe that’s the fact that many people just gave up of searching for job and they are out of the statistics. And maybe that’s the Chicago boys that do ALL they can to re-elect president Obama…

Anyway, only time will tell what’s correct, but when I look at the charts, I DO NOT like what I see!

And what I see is a potential push up, for a short term period, and then a potential crash that we didn’t see yet. As it looks as for now, this year, instead of end of year rally we will get end of your valley.

I wish all a wonderful weekend

Yours,

Vladimir Ribakov
www.vladimirforexsignals.com

Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.

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