How many investors were on the long NZD and AUD train... I would say a lot considering the interest rate direction. Now when earthquake hits New Zealand investors will escape and look for better place to put their money... I would bet on Oil and gold/silver commodities when everything will settle down and risk of higher inflation will kick in. Risk aversion is back and i was lucky enough not to leave any limit orders thru the night. It is good time to short N/J based mainly on the momentum imo.
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Indicators show the past. Price Action "Indicates" the future.
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I believe . . .
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I believe . . .
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WARNING: Don't follow me as I'm just learning
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- Edited 3:30pm Feb 22, 2011 4:34am | Edited 3:30pm
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