friday frollics, page-9

For days I have tried to think of something worthy of xjo.

With no snagit to create a clever looking chart to hide behind,
I was challenged to make it just a commentary and I'm not
up to speed on many of my markets.

I was sad to see jd sin binned as it was apt to his style like
chasing 7 xjo pts, cheering for wink's trades with no trade
on, fascinated with afp's charts and mostly enjoying the
honesty.

The best I can think off in these uncertain direction times
is the market that hammered last nye. A fairly true view
of the usd, a bit over exaggerated but what is called by some
as the godfather. It's ugly at the moment and stretched
beyond most t/a and a turn in it would turn many markets.
To me it's a retrace and by my weekly it's done.

I've added the description of my coloured lines to help
follow my thoughts but just to spell it out, it's at the
50% retrace of the high to low for the last 26 weeks. A
potential entry to short the usd.

My man in black usually says to hit it again and
hence my no trade on because it's catching daggers or
jumping on at the target.

On an f/a front, data seems to be inflationary the last
couple of days meaning demand, let the money sort it out,
meaning who will pay more to get money. On a grand scale
that sounds like interest rates going up. But how does
China put them up? Ask the USA? Or cut the supply of hard
currency.

Can the usa put them up harder than us, I think not.
Our bloke likes pulling the tigger let alone in a
shoot out with japan.

Anyway a chart.

USDCHF weekly

have a look at june last year and then the action of
last nye.

regards paul