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Posts by "ginger"
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Posts by Anonymous "ginger":
EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
Ratio now above 71 - how much higher can it go?
What was interesting was that the VIX finished above its lows for the day at 16.91 which is still slightly above its Jan closing low of 16.86 (note: today's intra-day low was 16.52). With all the euphoria (based on loose government monetary and fiscal policy which will come to bite later on), I may be one of the only people here running against the tide but I'm a firm believer that there is another leg down coming soon based on Ashraf's analysis - I don't know the catalyst for this (may be black swan event or China raising rates) but the down legs are usually done under big volumes (unlike the recent up legs) and could wipe 200-300 points from the FTSE (bringing it close to its 50 day simple moving average) in a matter of 2/3 days and bring the VIX above 20 again... Just my thoughts - of course we can always keep going higher but then nothing goes up in a straight line and we're way overdue for a breather.