XJO 0.76% 7,921.3 s&p/asx 200

crotch test friday, page-3

  1. 7,728 Posts.
    BD, I had a sniff around the nether-region you mention and found a fistful of USA dollars.

    Yep, they are the cause of the malodorous scent.

    Until now they had all but disappeared, each dollar worth around an ounce of scorn and derision.

    But suddenly, as though it had an infusion of steroids overnight, the US dollar index rose from the grave and reared upwards like a rampant stallion.

    This scared the crap (see CYD index) out of the silver, gold, oil and copper looters, who rushed to give the ill-gotten commodities back to their rightful owners lest they get smitten.

    Gee, in all the panic, some index traders didn't know which way to turn.

    But they had the smell of rotting greenbacks in their nostrils, and started gathering it aplenty from the waysides and gutters.

    Which brings us back to the crotch.

    I'm expecting it needs some venting, exposure to the elements if you like for some well-deserved fresh air.

    So what I would like is a gap down on open to 4700, which is a neat 161.8% Fib. And that's no lie.

    Reclaiming lost ground thereafter would be the way to go.

    I was in d'entrecasteaux in March. Lovely place. But it was a channel in Tasmania.
 
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