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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Stoctrash who wrote (10161)10/6/2008 2:52:18 PM
From: John Pitera  Read Replies (4) of 33421
 
AUD/USD .... amazing the AUD was trading at 77.5 to 78.00 on Friday, today it has plunged and unprecedented 8 big figures, yup 8 cents all the way down to 70.00.

The volatility is mindnumbing and breathtaking. The Eur/JPY has now fallen from 170 on July 21st of 2008 all the way to 135

The Eur/JPY has collapsed 10 whole cents today...... their is wealth destruction going on out there that if going to take months to shift through.

John
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