Wednesday, November 16, 2011

A Low in Risk - Nov 16, 2011

I am expecting a major low in risk by Tuesday next week from which a year end rally (in stocks, commodities, AUD, NZD, Emerging markets, etc.) will develop. Good gauge is AUDUSD which will bottom out at 0.9900.
Posted by at 8:30 PM
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4 comments:

jay said...

hey MK.
quick question.looks like market is entering bearish mode..and looks like your previous email about bearish H&S pattern may come true.

why do you expect a major and new rally? do you expect a short term bounce or a new high again?

also what about the "strong hands" chart you posted? can you update that? thanks very much.

Jay

November 17, 2011 2:46 PM
MK said...

I am always looking to buy higher lows and sell higher highs. The low taking place between now and Tuesday will be a higher low (the previous lower low being Oct 4th).

November 17, 2011 11:12 PM
MK said...

sry typo, that should read, buy higher lows and sell lower highs!

November 17, 2011 11:13 PM
jay said...

Kk, thanks for the post. Do you expect a new high above 1292 on s&p?

November 19, 2011 2:28 PM

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