Auslanco - GBP/JPY and GBP/USD (newstrade)

Quoting markam

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The dow is going to open 100-200 points below yesterdays close. There might be an immediate drop in GJ at that time. If not, the dow and GJ will begin moving joined at the hip.

If there is not a big retracement in the next 15 minutes, there will not be one until after 4pm eastern standard time. I see no scenario where the dow makes a large move upward today, other than an emergency rate reduction by the Feds.

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Quoting jarroo

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Laugh MY A** Off

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Quoting Blah Blah

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Where would I be able to get an immediate news release of such a rate reduction??

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Quoting Richardj

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Quote:

`Tipping Point'
``We are at a tipping point,'' said Michael Metcalfe, head of macro strategy at State Street Global Markets. ``Investors that had been short the yen for more than a year and a half have fully squared those positions. The question now is whether they are starting to build long positions.''


Anyone remember my 'tipping point' graph, before we even started this collapse of GJ - predicting 'a massive fall in GBPJPY to come' - which was greeted with such stony silence by everyone on this thread?!

(Sorry - but can't resist it, since my graphs are still greeted the same way!)

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Quoting kevinsw

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Sooo does you graphs show it still going down? (missed it the first time around)

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Quoting karmostaji

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Money Money Yeah Yeah

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Quoting markam

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Now they like you richard

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