The good news is that the range has been doubled so the Yuan can vacillate 1% instead of 1/2% per day now...
The bad news is that the first thing they did is devalue their own currency...
The bad news is they can do it faster...
China is preparing for some anticipated volatility IMO.
We are in for some serious whipsaws ahead...
Unintended Consequences $/Yuan
Started by
SemiBizz
, Apr 16 2012 11:02 AM
No replies to this topic
#1
SemiBizz
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- Traders-Talk User
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Volume Dynamics Specialist
Posted 16 April 2012 - 11:02 AM
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
