In the last few weeks EURUSD has been undergoing a complex triple zig-zag correction for wave 4 on the larger degree. Looking for a 5 wave sequence up to complete the Triple Wave C early next week. Then the larger move down can begin. Current position - moved from short to long late day Friday, in anticipation for wave C. Once completed, will move back short.
$JCP looks like a good buy here at these levels. 1. Price and Valuation (historical long-term support levels all the way back from the 80's) 2. Large short interest (looking for a nice short squeeze soon) 3. Overall people are freaking out / emotional.(people actually think JCP could go bankrupt in 3 months) So I am going to take advantage here and buy.