- Huge intra-day volatility yesterday, before, during and after FOMC announcement. These are the kind of days where one can glean valuable information about true market intentions. Much like Sherlock Holmes in the story tricking Irene Adler into revealing where she had hidden an item of blackmail by making her think that her building was on fire.
- Yesterday's long tailed candles (2nd most recent on accompanying charts) has the "show hand" levels where serious long term buyers or sellers have revealed themselves amidst the panic.
- AUD/USD : 0.9892 long term buyers (EOD close 1.0063)
- Gold : 1324 long term buyers (EOD close 1348)
- US10YY : 2.65% long term buyers of TY (EOD close 2.58%)
- USDX : 76.98 long term sellers (EOD close 76.41)
- By the close of business, markets closed some distance away from these levels. I do not expect to see these show hand levels again for some time.
- Amongst the 4 here, long AUD/USD is by far the best trade.
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