Currency whiplash
JB3 here...divbr //divdivThe various potential triangles I was watching in various currencies were not to be. The people on the other side of my triangle plays made some money off me these past few days./divdivbr //divdivWhat I'm fairly confident about is that these utterly wild moves in various currency pairs are NOT new trends. These recent huge moves have all the earmarks of stops being run all the way up to the top of Mt Everest. /divdivbr //divdivAs I speak I think the EUR/USD may be finishing it's blowoff at around 1.443, but may require one more down-up to exhaust itself. In any event the top isn't far off, IMO. Hat tip to Kemal for alerting me to this./divdivbr //divdivAnother thing is for sure, these violent moves in the currencies.... plus Treasuries rocketing skyward... plus plus plus.... does not, in my view, paint a picture of a healthy, functional market that has found it's legs and is ready to set off on an interim term up leg./divdivbr //divdivStaying short./div
