Thursday, June 24, 2010

Crux Point

Check out the current Crux Point moment in SP's and JPY etc.
 click to enlarge and sharpen
Most would probably agree that new lows under the 1035 area will signal a serious move down is underway,  if not a resumption of the crash of 2008.

 Taking out the .618 retrace point on the above advances the probability of new lows. See last nights post. Dead Cats.

And the JPY is also at rather interesting point.
 click to sharpen etc
Looks like the 112.25/112.50 level is the break out on the long term Weekly chart.
 Hourly
Here's the hourly as of 3:30 EST










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