Wednesday, December 12, 2007

AUDJPY Reversals

Wow, what a roller coaster!

Yesterday saw a massive downturn, followed by this morning's upturn... and then a slow fade back down during the day.

I'm happy to report I was able to recoup my losses from yesterday on the upturn, and then incredibly was lucky enough to unload near the peak. Sweet.

As you might understand, I'm a little nervous about committing capital to the market at this point. However, prior to the elephant known as the Fed getting involved, the market had been fairly well behaved and apparently establishing a bit of an up trend. At this point, who the heck knows...

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