USD/JPY Update – Pair Hits 14 Year Low
This is a follow up to the previous post.
Not long ago the USD/JPY currency cross broke through support and fell significantly in the matter of seconds. The US dollar / Japanese Yen pair is now at the lowest point it has been since July of 1995.
What is of even greater importance is that the S&P 500 futures did not rise, instead they fell.
Stay tuned…
USD/JPY Chart
Wishing the USA a Happy Thanksgiving.
not only that.. the future is tanking….. not that i am complaining.. but what the hell happen?
still i think MM will ram it back up on Friday..
The market will not slam now because everyone is preparing for the grand finale…markets will not do the unexpected when you expect it to happen. The unexpected will happen when most are least on guard. Trade accordingly. As i said, if you are not in the market by now, take a holiday. If you are in it, trail them. Do not freak out yet. The market may make another last attempt to a higher level. No one knows how this will play out. Many have sound the warning bells and started shorting as early as May. What happened to this people? They kept looking at the next resistance level and said,”this must be the one”…So , moral of the story is : “trade and move with the flow”. if you keep saying i will wait for the turn around and if it does not come, does that mean you do not trade for the rest of your life? Chuck has been calling the turn which i have no doubt will happen one day. But if u keep calling out for a turn for the last 4 times, that also means you have been wrong for 4 times. So what’s the big deal when u got it right the fifth time? U would have lost riding the rally up…Chuck, i think u need to improve your trading skills…I am speaking from the point of a successful trader. No BS…
dunching , WTF is you problem?
Well said Donchin. The trend will only fail once. Until then go with it and don’t fight it.