Minor correction coming up, page-3

Defining the size of a correction in FXL is far from straightforward.

From $2.39's 13.08.15 low to today's $2.86 close is ~19.5% to the good. A standard correction by definition maxes out at 10%, or $0.29 from yesterday's close, $2.61.

If anything the week ending in the wee hours of tomorrow (NYSE, AIM, LSE, NASDAQ) has shown historic swings. So "standard" definitions have little use.

The news specific to FXL has also been very volatilty inspiring. So the sp has been news driven.

Finally, there's the divvy date coming up. This too will impact the sp positively.

My thinking is that there is a correction of sorts coming, and I've got a bid in to take advantage.

OV

PS Has anyone read, or is there research on, FXL's customers? In thinking about FXL in the Oz/NZ macro-economic I'd like to plug-in their typical customer base. Responses welcome, perhaps on a new thread.