Seems Yen is showing us the way ... 26-27 in GDX soon ? It's a deja vue
Concentration Ratio of the big 4 & 8 Commercial Trader and Options point to a major correction . We might see some 10% "Volatility" to the upside, but Mo/Tue the correction should start. Should be the major "Clean-Up" before the next move starts.
Another DejaVue ... We most likely will see sub 20 soon again.
We should be seeing a massive intervention of the BOC soon. There should be serious implications on other forex ant the stock market.
At the edge of the next breakdown my crude thoughts about CL1!
On the edge of Chaos and Pain, sorry to disturb the EVERYWHERE Permabulls, but currently all previously working correlations start to indicate a major movement. Especially in the 5 Trill. daily volume FOREX market. Among all correlations the best working were JPYUSD & Ni225 as well as JPYUSD and XAUUSD . As well as a few others like S&P with 10 yield. From the...
Be prepared for a dip ... Maybe even more.
Today or Monday... Not yet sure but time to start shorting Tech
Most likely followers know that I usually check an US Index also relative to US$$ Strength ... Since we all know King$$$ RULES!!! But Normalising NYA to current DXY shows us that we did not move any point since GFC !!! Are we at a "natural" limit. If yes we should start short selling !!!!
Lower Highs & lower lows... And now at a long term resistance. You know what that means ?
If King US$$$ matters, then scaling S&P with DXY shows that the top is in again.
Sorry to disturb the general bullishness in the PMC, but with net short % (see Tom McClellan for def) the Question remains "Who is supposed to buy" ???? Especially concerning the fact that the 8 biggest Participants in the Market (1/3 of gross long's and 40 % of gross short position) did NOT participate the bullish Rally, but DID reduce their exposure. Be aware!...
Once more with NI225 as an example.... ED Liquidity indicator still works. We are half way done with correction.
Completely DISCONNECTED !!! April 2013 Event in Gold coming again or USDJPY going to 80 ...