Monday, January 14, 2013

Elliot Wave analysis

I just shorted NZD/ had that final Bataan death march look to it....after a double top, then a relentless rat-atat-tat pushing to a higher top....

Those crush the spirit of even the most die hard shorter.      My place to take a short...yes calling a top, and pretty tight stop.

Also just past the new moon, often time signals a change, and lately a drop.

US equities move in same direction as the NZD/JPY risk on risk off indicator, I use NZD because the AUD/JPY is more widely known and thus more widely gamed and stop hunted.   Organic risk with the zombie stop hunters.

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Insightful and Useful Comment!