Through our ten years of experience in which we
have dealt with many companies all around the world, when we dealt
with Windsor our concepts about this kind of business had changed.
It was the only time we find a company that cares about the interest
of the client more than he does, and for the first time we see a
company that gives the price exactly as it is without thinking of
making more profit from the client
Extended month-long decline from 1.6040, through 1.4630, 21
Aug low, to reach 1.4570 yesterday, ahead of latest bounce. To maintain
immediate bear tone for extension to 1.4530/49, a lower top should have
been formed by 1.4696/1.4723, but this has been exceeded, raising hopes of
a return to 1.4792/1.4809, 25 Aug highs. Reversing under 1.4658/83 and
1.4617/34 aborts.
Left a lower top within the
multi-week downtrend from 2.0162 at 1.8792 last week, from where a fresh
slide breached the 15 Aug low at 1.8510, to hit new 2-year lows at
1.8405/1.8330 on 25/26 Aug, interrupted by a lower top at 1.8590. Latest
recovery classed corrective, but clearing 1.8483/1.8509 will put on hold
immediate fears of extension to 1.8228/1.8309 in favor of
1.8590/1.8615.
Recycled
strength off Tuesday’s 112.36 low, near rising trendline support,
connecting 15/19 Aug lows, extended over Monday’s 116.06 high, in line
with bull divergence on intraday studies. Scope remains for bulls to
extend towards 118.34, 61.8% retracement of the fall from 122.04, 21 Aug
high. Below 113.50 instead reopens 112.36, possibly
111.66/50.
Extended month-long rise from
1.0011 to reach 1.1087 on Tuesday, but failed to see a lasting break of
the 1.1042/35 highs and has since reversed through higher lows at 1.0991,
1.0955 and now 1.0923. This is further evidence of a short-term top,
raising fears of further dip to 1.0897/57, possibly 1.0842/36. Sustained
rebound over 1.0991/1.1007 is required to abort decline.
The
information contained in this document was obtained from sources believed
to be reliable, but its accuracy or completeness cannot be guaranteed. Any
opinions expressed herein are in good fa ith, but are subject to change w
ithout notice. No liability accepted whatsoever for any direct or
consequential loss arising from the use of this
document.
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