Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (77442)	11/12/2007 9:03:07 AM
From: Real Man	Read Replies (1) of 94695

Good luck. We've got some new mess in currencies - carry trade reversal, with Yen staging a huge rally. I'm not complaining, sitting long Yen -g- Big moves everywhere. We sure BK-d fast from the highs, and stocks are getting pretty oversold, but the expiration week promises even more volativity. Still don't wanna dip it, the market could break down without appropriate "save", and the timing of that save is unknown. -g- When volativity gets way too high a continuation move is quite likely on expiration week. Likely enough for me not to bet on a reversal just yet. Maybe next Monday. If we rally, that's OK too, could be a sharp rally -g-

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