Thursday, October 4, 2012

An Awakening

As expected, the Aussie has retraced ~ 50% of the move from the Monday afternoon low to 102.78 (intraday) today. Should the model continue to be prescient, it will once again roll over and take out the lows from early September. 
My suspicion is that the equity markets will begin to arrest the considerable negative divergence over the coming weeks - by rolling over as well. 


As always - Stay Frosty