Sums up markets at the moment.
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Disliked{quote} Hard to know what this pair will do short term but I have positions in and maybe a short term trade here with a push back to level. {image}Ignored
DislikedLittle fun with funnymentals. As before, I am skeptical of Fed. Janet one and done? Hmmm....BOJ and 3C have been there before.... http://www.marketwatch.com/story/why...eak-2016-01-14 Falling prices, or deflation, is widespread among consumer goods. In the 12 months ended in November, for example, the cost of used cars fell 0.6%, home furnishings fell 1.4%, sporting goods fell 1.4%, clothes fell 1.5%, appliances dropped 4.2%, toys tumbled 5.2%, computers skidded 7% and televisions plunged 12%. On the flip side,...Ignored
Disliked{quote} Hi Scott some awesome posts by you! Situation looks very grim.Things are unraveling in fast pace.USD is hyper overbought cross all pairs and at some point switch will turn off I have some shorts on UC at 1.45 but not feeling confident. Canadians hurting bad.Since they import all their produce paying 8dollar for single cucumber is common now. Yellen may have just opened the Pandora box of 8 years of artificial pumping of the Wall street is unraveling fast.Only oil stability can halt the decline but no signs of it yet If this continues we...Ignored
Disliked{quote} Hi Davit, Hopefully this chart will be helpful to plan trading. CAD made *some pullback next week/month. p/s : Description on chart suppose Crab pattern not *Deep Crab Pattern {image}Ignored
DislikedWhy all the funnymental talk? Because I was trained in them and sometimes they matter. Oil has crab now or 26, end of world deflation spiral 14.... http://www.marctomarket.com/2016/01/...dy-friday.html The markets are unsettled, to say the least, and US market-based measures of inflation expectations are falling. The 10-year breakeven (the difference between the conventional yield and the yield of an inflation-linked note) is more than 10 lower than it was at the September FOMC meeting. Growth in the US economy appears to be...Ignored
Disliked{quote} Hi Scott some awesome posts by you! Situation looks very grim.Things are unraveling in fast pace.USD is hyper overbought cross all pairs and at some point switch will turn off I have some shorts on UC at 1.45 but not feeling confident. Canadians hurting bad.Since they import all their produce paying 8dollar for single cucumber is common now. Yellen may have just opened the Pandora box of 8 years of artificial pumping of the Wall street is unraveling fast.Only oil stability can halt the decline but no signs of it yet If this continues we...Ignored
Dislikedhello Scott. So CAD and Oil look still bearish. What do you think this shark too? If it is valid, looks stock market still have room to go south further..... {image}Ignored
DislikedGJ Edit: Bottom level doesn't make much sense until you look further left. {image}Ignored
Disliked{quote} Hi Mr Scotts, Does the GJ pattern still valid? it seems that the extension was broken last friday. {image}Ignored