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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: John Pitera who wrote (12346)4/22/2009 7:52:48 AM
From: Stoctrash  Respond to of 33421
 
Thanks for the info JP....I just looked at the EUR/JPY weekly also. There is basically a .382 retrace and failure going on too.
Below 125 would seem to indicate at 120 test would be next as the downtrend continues.

We should see some global pulling in of risk profiles during the coming few weeks.

Do you think they shift to T-bills or just exit BRIC type stuff..or both?



To: John Pitera who wrote (12346)4/22/2009 9:51:29 AM
From: Hawkmoon  Read Replies (1) | Respond to of 33421
 
Bloomberg is reporting that a 38% decline in Credit Default Swap exposure as counter-parties tear up contracts...

Your take?

Hawk