- Hugely significant week technically. Triggers - Operation Twist, weak China PMI, Italy downgrade, recession calls. Price action at week's close = mild profit taking. Expect continued trend moves in the weeks to come.
- USDX : This upside break is a great advertisement for my periscope theory (weekly chart). Up up and away.
- US10YY : Lots of arguments why 1.83% is too low. As long as people make them, trade TY from long side. Low risk trending positive carry is scarce these days. (Lots of cheap PIIGS assets out there but who dares to buy?).
- SP500 : Down 6.6% on week to close just below support. Sell, even any small rallies.
- Gold : Almost caught the short trade. Still, shown improvement in getting out of long at a decent average price near to highs of move instead of getting caught on way down. One of these days, I will make a successful parabolic snap-back trade.
- Overall, a good week, recovering much of August's scary losses.
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