Fuck it

Going short here

Swissie update

Quick look at some things Swiss.

Looks poised to strenghten imminently against GBP:



Already started to against USD (this latter ties in nicely with the bullish EUR forecast - wish I'd been paying closer attention to this pair earlier - so many to keep track of though!):

IWM - a little more room to run

Heavy put-buying Friday in IWM, MET and XLF, which makes me doubtful that a top is at hand just yet - the above chart shows we still have room to run up before running into the upper boundary of the expanding diagonal.

Euro about to get its mojo back?

It would appear that the long-term triangle I have been watching has reached maturity; we are there - wherever there is.

Think I might get out of my EURUSD short...

UPDATE: talking of which, I was looking again at EURUSD. Clearly, we could have seen the low already last week, but I was having difficulty squaring this with a three wave rise and then a seeming impulse down from the corrective high. There is a way, however...

UPDATE 2: got carried away and was a bit early shorting this mother - got stopped out - but the bearish engulfing candle came right on cue...

Time to sell the rip on Monday methinks!

EURUSD: chocks away?

There is always a bullish alternative count; in this case that would be that we already completed wave 5 and thus the huge impulse down from the November high.

But it looks a bit short - under 61.8% of wave 1 - so I figure it's got to be worth a punt short at this point as the alternative (pictured) is that we are about to start (or have already) wave iii of 5 down.

Buy gold, sell silver

Sell everything actually.

SPX, gold, highs and lows