Could have a bit more downside, but to me at this point is looking limited.. certainly will not buy until I have a nice set up.. some go .. some don't .. if they don't I do my best to limit losses.. and the ones that do.. I try to max out ;).. we will see.. Im already in UJ so will have to be really nice set up for me to buy in.. don't like too many eggs in same basket..
great philosophy to have, I like the pairs trades, buying GBPJPY and selling EURJPY or something along those lines! I am short GBPJPY as I expect there to be a further decline in the indexes, historically speaking GBPJPY has followed it down when it does, so we will see! good analysis :)