Trading Diary

For dow 12275 is the bottom,from there a rally to 12760 and from then a slide to the end of the world .A small bottom at 12570. How many days will it take for this all to happen.?

The unwinding of carry trades has now hit the panic stage with the yen strengthening very rapidly over the past few hours as there has been a capitulation of positions. The yen has strengthened temporarily through the 114.00 level and, unusually within the USD/yen pair, there has been evidence of liquidity problems.Yen at 114 sound the death knell for highly leveraged hedge funds with complex computer models.