As I often do, especially when the markets are excruciatingly slow in determining when to make the next significant move, I've been thinking about Forex.Take a mental walk with me...The DOW falls from 10,000 to 5,0000 and loses 50% of it's value. It returns from 5,000 to 10,000 and gains 100% of it's value.Wait, think about that for a minute. In the normal world having the ability to gain
Showing posts with label dow. Show all posts
Showing posts with label dow. Show all posts
AUDJPY: Risk Aversion
Thursday, April 16, 2009
It's likely, with the bad jobs and housing starts news this morning, that risk aversion will come into play.Basically, the AUDJPY is a good indicator of fear in the markets these days.With all that said, I'm still going to watch closely for a bounce of the potential support line. That is likely to be the point that the market decides to rally or collapse for the day.... continuing ... I don't
Crushed By The AUD/JPY Rollover?
Saturday, March 1, 2008
How did you do during the recent AUDJPY (AUD/USD to USD/JPY) freefall?If you were paying attention you noticed the double top happen not too long ago -- the one I blogged about recently. That was your warning that the market was facing a potential reversal.The market fell pretty fast. I hope you weren't sitting on any large unprotected positions.While I don't have the patience to stay
Double Top Warning
Friday, January 25, 2008
It isn't here yet, and that means it may never arrive, but we are currently looking at a potential double top on the AUDJPY.This means that the DOW could also be poised to give up some recent gains.Obviously, the DOW can do what it wants, but if you are seeing gains right now and are thinking of jumping in, be wary.Personally, I'm hoping for the downturn. If it happens according to "my" chart
Is It Bigger Than A Breadbox?
Saturday, January 19, 2008
This was gold!Poulson, while trying to avoid questions about the exact size of a proposed stimulus package, answered "I don't want to play 'is it bigger than a breadbox?'"It's hard to say what the DOW (and hence the AUDJPY) is going to do with this. Obviously, it's better for the economy than not having incentives, so it must have some impact. It also shows the government is serious about the
Turbulent Tuesday - AUDJPY Opportunities
Wednesday, January 16, 2008
I was on the road today, so I didn't have to witness the inevitable slide in the AUDJPY as the DOW searched for it's navel.However, I was back in my technology haven in time to notice the AUDJPY bouncing off the 93.80 resistance point.I don't know if we'll be on our way further down, but we are getting to historically depressed levels. Now, what to do. I'm putting in a little bit here, with the
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