- Now @ 1.2273, below the post-Lehman low of 1.2328 last touched in Oct08.
- Despite extreme positioning of market, do not think that any short squeeze will be sustained and too sharp. Also I get the feeling that recent selling (say below 1.30) has not been aggressive so any decent rally from here will be heavily sold into.
- Monthly chart now pointing to 1.1638.
- Unfortunately did not have usual sell stop-in order at 1.2328 today so missed that level. Will add to existing short on a rally towards this.
3 comments:
-1.2292
-1.2388
+1.2177
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