and you know they will be all worked up tomorrow...
it's the trap here that I'm looking at...
but we have confirmation out of the vix and Peso... the other thing is that the fed meeting is a good dollar trend reversal day.
but still need confirmation highs and lows out of all of it.
4 comments:
Yup, it's all about the $US. The volume at the last hour was impressive... a couple longs stopped out and shorts are looking strong.
I still think the $US index could tag 72 or even 70.50 before this is over. If it hits 70 within the next week, that would be your "superspike" and I'd go far enough to say we get a big stock pullback.
What's up with Jim Grant? Did he have a stroke?
I meant to say if $US index hits *72* in the next week.... that would be superspike and ring the bell for the top.
Big if.
Pardon me for spouting another truism, but Asia's reaction to today's late day US sell-off could be important. They have been leading lately, esp Shanghai, and if they shrug this off the damage may be mitigated.
But if they puke everything up tonight... it's game on for the shorts.
It's probable that the last Dollar shorts, piled in at the FOMC... they were hoping for some kind of "new Treasury purchase. Though some were looking for a repo of the repo...or some form a quantitative tightnening.
I'm dying to know what "The gang" has to say.
I was more mocking the "super Spike"... ugh ugh ugh... and even T-lo is confused. I guess..
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