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YEN just hit new high. More fuel for the fire.
 

Thanks Prof, just picked up $200 on the ASX200, my first ever profit...i might try and HS later on.

I'm waiting for the return from lunch...

Cheers,
 
lol eurostoxx huge gap down.., anyone got ftse data?
 
trembling Hand said:
YEN just hit new high. More fuel for the fire.
Click to expand...

I was just getting a chart ready to post on that

Markets haven't really reacted to the recent spike. Wonder how long it will be?
 

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So, who's following who now?

Just snow ball mass panic?
 
professor_frink said:
I was just getting a chart ready to post on that

Markets haven't really reacted to the recent spike. Wonder how long it will be?
Click to expand...
Long Yen could be the trade of the year as YCT gets mushroom clouded.
 
wayneL said:
Long Yen could be the trade of the year as YCT gets mushroom clouded.
Click to expand...

starting to look that way!

DAX is flirting with new lows now- I want to see it tank before I'm confident of holding my ES short through this evening.
 
Anyone here believe in the plunge protection team?
 
right finally got some time in front of the screen - have I missed anything?

PPT definitely exists imo Doc
 
Is it just me or has that big gap down in europe signaled a bounce on the ASX and the DOW? Could this be a slight repreive b4 another drop?

Cheers,
 
After going short the SP500 on the 25th July, finally closed out my trades 2 days ago.

It has been a pretty scary week, and being a buyer this evening was not an easy thing to do(DJIA). It looks to me that we may see a move higher over the course of the night, tomorrow and friday. I suspect that we will retrace back up to around 13,400 over the course of the few days(Previous wave 4 target). I think it will be volatile from here onwards, and I think you need to keep a close eye on all markets and not get too complacent once you are in a profit.

IMO the DJI should reach this target, but I am unsure if this impulse is complete yet. It may consolidate here before putting in one more low by either Friday or Monday before a sizeable rally takes place.

Worth mentioning however the SP500 has made a 0.618 retracement of the entire last upward leg, this might coincide with it finding support and starting to put in a descent countertrend.

Cheers
 

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Great post WP...i'm long the ASX 200 at the moment, but i've got a stop sell order on in case things gets nasty. If i get stopped out o/nite and my sell stops gets hit she'll be on for t'morrow.

Quite confident of a bounce though at this stage.

Cheers,
 

Thanks CanOz, and good luck. Looks like it might chop around for the next few days, perhaps we can get something better going on the buy side next week

Cheers
 
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