Thursday, December 6, 2012

Currency Shenanighans

The Euro was poised on,  and actually breaking out from a nesting set of inverted head and shoulders.   With a quick pop breakout, that now looks like a fakeout.

The USD/JPY has a well formed Egg (aka Blimp swat down) in the advanced stages....it is "best" when then do whipsaw around since this is the best way to shake off all the players before the real move.

A headwind to lock in capital gains exists, whilst strong printing exists.

Also expect a "pre Santa rally" shakeout, with the only real pop around Christmas to New Years. 

For sure the HAL 20000s are firmly in control, eyeing up stops throughout the trade range and playing multiple sectors.

The only Swing I like is the VXX long play, as it was at very low lows, and my VOS was also showing an extreme low.




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Insightful and Useful Comment!