Full Moon and Olympics – breakout trading ! Look its EURCHF !
In the spirit of the Olympics, I feel the market should spur itself into some action. Everything has been so nicely channelling these days that people are just so fed up.
| 1-Aug-12 | Zerohedge | Jeremy Grantham : “I, for one, wish that the world would get on with whatever is coming next” |
| 2-Aug-12 | Business Insider | Moore Capital Louis Bacon : “Markets are increasingly distorted by central banks” |
I wanted to write something lengthier here but the spreadsheet won’t let me. Wanted to show the break out zones for everything.
Heck… just take a look at this chart of the EURCHF, the last frontier …. My friend just pointed it out to me. And I think it SAYS ALOT !! RISK UNWINDS …
Just do everything the way you are NOT USED TO DOING and you will be fine !!
Disclosure … I am long Facebook and Zynga.