Tuesday, July 27, 2010

Brutal: AUD sell

As discussed in Dow and S&P 500 are all topping out, relative to risk barometer currency AUD (updated) and Asia is overpricing risk - Japan FX buying this is what happens when you buy into oversold assets. Since the AUD is the barometer of risk, with what happened in the last 2hrs (sell occurred prior to CPI data, yes insider info passed on to funds)

The point is longs have been decimated. 0.87 swing point is still on it's all sell.



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