claydoctor

Yellen's comments changed currency pairs set up

FX:USDJPY   U.S. Dollar/Japanese Yen
28 0 0
Yellen's comments caused a big change in the currency pairs relationship I track. Looking into BOJ and ECB, and china affects too. This has caused a pause in the completion of the IWM             HS formation, further consolidation trend for now, I am in a wait and see mode. Let's see what she says today. Amazing how the markets hang on her every word, and how much less the fundamentals drive stock prices right now. The equity markets ARE THE ONLY GAME IN TOWN, and CASH seems a good place for me right now, until there is some certainty once again in the near future. Historic charts have no meaning at this moment, truly amazing. Its a minute trader's game.
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