Missing Link

I wish to offer 4 charts that have gained my attention this weekend....

The first is the Dollar Yen. For now, it appears a short term low has formed.

Next, is the Canadian Dollar. Against the USD, we see a similar pattern.

Now, what I see next is what I think could be a "missing link in the chain".

Dollar Swiss and finally, as a reflection of these strongly inverse-correlated pairs, the Euro/USD.

These charts are showing a different picture than the first two Dollar charts so far.
And I know there are good fundamental explainations for this, such as risk appetite and oil concerns.
However, I think the environment is ripe for a correction in these two similar to the first two.
Nothing big, maybe a couple of percent or so.

But if everyone's eating corned beef and cabbage, everyone at the table tends to get gas,
some more than the rest. I think the corned beef was likely served last week and
just because it didn't appear on the menu the effect may be the same for the week ahead.

I'm ready for the belching and farting to begin.

Well, so far it's playing out......

Anybody seen the short chick with the black boots ?

I swear I saw the short little asian chic at a starbux down the road from me.
Had the long black boots on and everything. I must be living right.
(Atleast it kinda looked like her...lol)


Okay, 3 days past and the Dollar has risen from the dead.

I'm suspicious that it could be only a Halloween gag for now, but
atleast everyone's talking about it, so, it could gain traction.

We'll all have to wait and see.....

Before the SPM crisis Dollar/yen was usually known as the leading indicator.