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« The New Normal | Main | Yves Says Bonds May Be Calling a Top »

Monday, October 19, 2009

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Account Deleted

Just like anything you undertake in life, you may want to consider the risk and reward. If the reward is little and risk is high, then you probably don't want to do it.

Same with trading or investing.

Mamma Boom Boom

---SWOOSH---

Don't be surprised if it's starting.

Michael

I shorted the COAL sector this morning on BTU's blow-out numbers . . . I think we could see a typical SELL on the NEWS scenario here, especially due to the fact that these stocks (along with most energy names) have seen nearly 11 straight up days in a row.

Got to TRADE it a bit though.
Should see HUGE volatility.
:)

Account Deleted

USD wave pattern looks complete

It looks like the USDEUR completed a small diagonal triangle down last night. If so, USD has completed all outstanding waves at multiple degrees in this downtrend.

Seemingly confirming this, as I am typing this, USDEUR completed a small five-wave up and then started a correction down.

Incidentally, Canadian dollar dropped 2% this morning from a blowoff top.

It is probably still premature to declare USD downtrend over. But this is something worth watching, especially as lot of folks are tracking the US stocks top.

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