hump day trading, page-3

AUD failed at parity in spectacular fashion and traded into one of the most bearish outside days I have seen in a while. If this baby breaks below 98 and then hard fails or finds resistance at 98 - there is no stopping it going to 94..Wall street intra reversal has been somewhat less spectacular but equally interesting. Rumours of more insider trading probes, China raising interest rates this Friday.. must keep in mind string rallying bond yields is not good for stocks -- a slow steady incline is, but 6-7% daily spikes is not. Wall street never ceases to amaze.