Monday, October 24, 2011

Yen: Possible CIT Date 10/28 to 11/1/11

A little more analysis on the yen shows some nearer-term timing symmetry around 10/31/11, give or take a trading day or two. Amending the previous post, I plan to wait until at least 10/28 to look for short set-up. This would give it time to run wherever it wants to price-wise, including a move past the price projections at 132.17 if it wants to. There are higher projections (such as to 135 area) so I would rather let time run out before attempting shorts.

Kim Rice 10/24/11




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